On March 5, 2021, the FCA announced that the publication of 1-week and 2-month US dollar LIBOR will cease after December 31, 2021, and the publication of all other US dollar LIBOR settings will cease or be deemed unrepresentative after June 30, 2023.

Is LIBOR going away in 2021?

The transition away from LIBOR is a global phenomenon that has the financial industry mobilizing ahead of a looming deadline expected for the end of 2021.

Is LIBOR going to be discontinued?

Libor also plays a big role in pricing debt issued by corporate borrowers. This key measure for the global financial industry has been burdened by scandals and crises, however, and Libor is currently being replaced by other more up-to-date pricing mechanisms.