Bond managers take action to tackle risks from scandal-hit LIBOR phase-out
Will no longer be published from 2021
The replacement LIBOR has left the future of the products it underpins uncertain
Asset managers are facing difficult decisions on how to address concerns arising from the replacement of interest rate benchmark LIBOR in 2021, with some taking the option to offload certain holdings as quickly as possible to avoid any fallout from the changes.
The London Interbank Offered Rate (LIBOR) is currently the world's most widely-used reference rate, providing a benchmark for approximately $350trn worth of financial products, according to legal firm...
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