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Libor transition plans might be delayed by pandemic but end-2021 deadline remains, FSB says

( July 1, 2020, 08:22 GMT | Official Statement) -- MLex Summary: Financial institutions’ plans to transition away from the London Interbank Offered Rate might experience some disruption due to the global pandemic, but the end-2021 deadline remains, the Financial Stability Board said today. The Libor transition remains “an essential task that will strengthen the global financial system,” the FSB said today, with Covid-19 highlighting that the underlying markets that Libor seeks to measure are no longer active.The statement follows ...

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