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6 Sep, 2017

UK to phase out LIBOR, What Next For Australia?

By |2017-09-06T07:22:54+10:00Sep 6, 2017|Education, Market Commentary|

In July 2017, the UK financial regulator, the Financial Conduct Authority (FCA), which regulates LIBOR, announced that the global base rate would be phased out over the next four years, ending in 2021. Although it is unclear what will replace it. The London Interbank Offer Rate, LIBOR, is the benchmark interest rate that many of the largest banks in the [...]