Now is a ‘critical time’ for Ibor transitions – Bailey

The Libor endgame “isn’t just going to happen”, says Andrew Bailey

Even though the “endgame” for the transition to new benchmark rates is several years away, now is a “critical time”, the UK’s Andrew Bailey told a gathering of regulators and market players in Washington, DC, on April 10.

The endgame, in which markets must coalesce around a new risk-free rate, “isn’t just going to happen”, the Financial Conduct Authority chief said. This is a “critical point in time”, he added.

Bailey stressed regulators have made significant progress in finding alternatives

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: