Biden approves Libor legacy bill as part of $1.5 trillion omnibus

Following the House and Senate's approval last week, the Libor legacy bill has now been signed into law by the US president

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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