Libor fallbacks not yet referencing new rates

Regulators are becoming increasingly frustrated as banks and issuers argue that there's still too much uncertainty. Some even still believe the controversial benchmark isn't going anywhere fast

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Two of the seven USD Libor maturities discontinued at the end of 2021, and the other five – overnight, one, three, six and 12 months – will follow in June 2023, we surveyed the market to gauge readiness