Libor lives on

Category: CDO RMBS

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Likely postponement of USD Libor expiry gives structured finance market breathing space

The demise of USD Libor seems likely to be delayed until mid-2023, which gives the structured finance market another two and a half years to gets its house in order - but the time must be used wisely, stress well-placed market observers.

A December 1 announcement by the ICE Benchmark Administration, which administers Libor, that it was seeking an extension of life for the benchmark was immediately endorsed by key regulators like the Financial Conduct Authority (FCA) and the Federal Reserve.

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