Years after Libor scandal, experts argue benchmark should stay
As the market prepares for Libors to end their run as the world’s most prevalent reference rates, there is growing support for the benchmarks to be reprieved.
Some experts advising on Libor reform following the rigging scandal seven years ago say that the reference rate still has its merits, and that the sheer scope of the switch alone is enough to argue for it to remain in use.The task of moving over legacy Libor contracts ...
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