As Libor ends, credit-sensitive rates face day of reckoning

Iosco to issue compliance verdict on Ameribor and BSBY as transition deadline looms

On June 30, US Libor will print for the final time. Trillions of dollars of cash and derivatives contracts will then have to move to replacement interbank lending benchmarks, if they have not done so already.

The transition, which has been many years in the planning, had been tipped to go smoothly. After all, Japan, Switzerland and the UK made the move to risk-free benchmarks at the end of 2021 with little fanfare, albeit against a more benign backdrop of ultra-low interest rates, razor-thin