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    Libor transition

    Add to myFT Digest

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    • Wednesday, 31 May, 2023
      Loan market braced for rush to Libor finish line

      At least $700bn of junk loans are still priced using lending benchmark, just 30 days before the rate is set to expire

    • Wednesday, 5 April, 2023
      The pain and SOFRing are almost over

      Meet the new boss, surprisingly different from the old boss

    • Monday, 3 April, 2023
      UK watchdog orders publication of ‘synthetic’ dollar Libor rate

      Decision allows some derivatives extra 15 months to transition from tarnished benchmark

    • Tuesday, 28 February, 2023
      Over $1tn of risky US loans still shackled to Libor as deadline looms

      Borrowers and lenders in $1.4tn leveraged loan market scrap over fine print of replacing scandal-hit benchmark

    • Monday, 24 October, 2022
      US Dollar
      Jay Powell wants his toys back

      Not flying, falling without style

    • Friday, 7 January, 2022
      Jefferies and Antares Capital pitch loan tied to tarnished Libor

      Deal exposes challenge of outlawing tainted interest rate benchmark from all corners of the market

    • Wednesday, 15 December, 2021
      Finance industry in last-minute sprint to switch away from Libor

      Banks step up efforts to prepare for end of scandal-tainted benchmark

    • Friday, 10 December, 2021
      Lawyers write the future for $200tn of post-Libor deals

      New contract wording will help institutions avoid risk in the transition period

    • Tuesday, 30 November, 2021
      Markets InsightTal Reback
      Why US companies need to stop using Libor right now

      Risks of not shifting soon enough to new Sofr market benchmark are rising

    • Thursday, 4 November, 2021
      US loan market begins shift away from tarnished Libor benchmark

      Several deals have been struck using the Sofr rate in a sign benchmark reform is progressing

    • Monday, 27 September, 2021
      Traders take up derivatives tied to Libor replacement

      Sofr-linked futures and swaps gather volume despite lenders’ hesitation over new benchmark

    • Monday, 13 September, 2021
      Libor replacement reaches Wall Street’s leveraged loan market

      Loans to fund buyout of chicken producer Sanderson Farms will be pegged to new Sofr benchmark

    • Thursday, 29 July, 2021
      US benchmark reform panel endorses forward-looking rate to replace Libor

      Decision to back term Sofr comes as hunt for alternative to scandal-hit rate reaches ‘home stretch’

    • Friday, 23 July, 2021
      FT AlphavilleClaire Jones
      Term’s time has come

      The cash markets are finally about to get what they’ve long been asking for — an officially endorsed dollar term rate to replace Libor

    • Wednesday, 14 July, 2021
      FT AlphavilleClaire Jones
      UK regulators are wading into the US’s Libor transition

      Top officials, including the Bank of England governor, are pushing firms here to adopt a specific benchmark for dollar borrowing.

    • Monday, 14 June, 2021
      Inside BusinessClaire Jones
      Corporates know transition from Libor is painful but necessary

      Companies are still not prepared enough for switch from borrowing benchmark

    • Thursday, 3 June, 2021
      FT AlphavilleClaire Jones
      Libor’s US replacements: no one rate to rule them all

      Several alternatives are vying to replace the doomed benchmark. And it’s complicating the transition.

    • Saturday, 24 April, 2021
      John Dizard
      End of Libor stirs anger on Wall Street

      Bankers worried about the risks of the replacement for global borrowing benchmark

    • Tuesday, 20 April, 2021
      Markets InsightMichael Bright
      Legislation needed to tackle Libor legacy problem for millions

      Congress must act on the only viable solution as benchmark is phased out

    • Monday, 19 April, 2021
      ‘Litigation will take over’: US lawmakers warned of Libor chaos

      Regulators and Wall Street unite to demand action from Congress to speed transition from rate benchmark

    • Friday, 5 March, 2021
      Libor to cease for most currencies by end of 2021

      UK regulators want to smooth shift to alternative benchmarks

    • Monday, 30 November, 2020
      Banks set to be granted reprieve on US Libor cut-off deadline

      Benchmark underpinning $200tn in contracts will be published as late as 2023 under new plan

    • Wednesday, 18 November, 2020
      Libor scandal
      Dollar Libor left behind in shift away from tainted benchmark

      Reform of lending rate embedded in everything from mortgages to derivatives poses huge challenges

    • Wednesday, 26 February, 2020
      Bank of England puts squeeze on Libor lending to encourage shift

      Central bank makes it tougher to borrow against the tainted benchmark

    • Thursday, 16 January, 2020
      UK regulators launch fresh push to switch away from Libor

      Banks have until September to stop issuing cash products linked to sterling benchmark

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