Risk: some banks open to committing to LIBOR post-2021

A number of banks that submit pricing information on LIBOR are willing to continue supporting the benchmark even after the UK financial regulator drops its powers of compulsion at the end of 2021.

Speaking with Risk.net on condition of anonymity, two banks that make Libor submissions across a range of currencies confirmed that they and other peers had started to accept they will need to carry on submitting to Libor for an indeterminate period of time.

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