US dollar Libor’s fate in doubt after IBA delays funeral plans
Decision to exclude US dollar Libor from cessation plan is being treated as effective extension
Ice Benchmark Administration’s decision to exclude US dollar Libor from a plan that would see most other versions of the benchmark axed after 2021 is being taken as a sign that the rate could have a longer shelf-life than previously thought.
“The assumption is that [US dollar Libor] cessation will be pushed back by a minimum of six months to a year,” says Navin Rauniar, partner for Libor transition at Consultancy TCS.
IBA confirmed on November 18 that it will consult on its plan to cease
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