Libor Proving Hard to Kill in $200 Trillion Derivatives Market
- Shift away from swaps, futures tied to key rate is slow going
- Some see significant gains for SOFR benchmark usage in 2021
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It’s one of the most confounding questions facing regulators in the fight to phase out the London interbank offered rate.
How do you wean everyone from asset managers and traders to corporate treasurers off derivatives that are so ubiquitous, they’ve become part of the fabric of the financial system?