Mark Gilbert , Columnist

Libor Is Both Alive and Dead

The much-derided financial benchmark is supposed to die in 2021. But issuers seem to believe it will survive beyond that date.

April 29, 2019 at 11:39 AM UTC

By Mark Gilbert

Mark Gilbert is a Bloomberg Opinion columnist covering asset management. A former London bureau chief for Bloomberg News, he is author of “Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable.”

Is this an ex-benchmark?
Photographer: Chris McGrath/Getty Images Europe

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

By the end of 2021, the smorgasbord of benchmark borrowing costs known as the London Interbank Offered Rates is due to die. Rendered archaic by shifts in the wholesale money markets, not to mention sullied by rigging, the world’s regulators have deemed Libor no longer fit for purpose.

And yet: