US dollar Libor’s fate in doubt after IBA delays funeral plans

Decision to exclude US dollar Libor from cessation plan is being treated as effective extension

Ice and US dollar
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Ice Benchmark Administration’s decision to exclude US dollar Libor from a plan that would see most other versions of the benchmark axed after 2021 is being taken as a sign that the rate could have a longer shelf-life than previously thought.

“The assumption is that [US dollar Libor] cessation will be pushed back by a minimum of six months to a year,” says Navin Rauniar, partner for Libor transition at Consultancy TCS.

IBA confirmed on November 18 that it will consult on its plan to cease

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