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LIBOR: entering the endgame - speech by Andrew Bailey
Given during a webinar hosted by the Bank of England and the Federal Reserve Bank of New York
Published on
13 July 2020
Andrew Bailey says the move away from is as important as ever. He looks at the progress being made and what needs to happen by the deadline in 18 months’ time.
LIBOR stands for the London Inter-bank Offered Rate, an interest rate that banks use to lend to each other. LIBOR is being replaced across the globe. In the UK it is being replaced by the SONIA benchmark.