Libor end in doubt as market players highlight litigation risk
Libor may be extended beyond the cut-off date of 2021, sources told GlobalCapital this week, as the market braces for litigation over more than $1tr of Libor-linked mortgages. Tom Brown reports.
Both investors and advisers alike have suggested that the Libor benchmark, manipulated by traders following the financial crisis and set to be terminated at the end of 2021, will be extended for legacy deals and assets, despite regulatory advice to the contrary.A source familiar with the matter ...
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