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After 50 Years of Benchmark Dominance, Libor Fades into History


Libor Fades Into History After 50 Years of Benchmark Dominance Alexandra Harris and Paula Seligson Thu, June 29, 2023 at 6:30 PM GMT+8 · 5 min read (Bloomberg) — Libor, the more than 50 year-old reference rate that came to epitomize Wall Street malfeasance, will soon be no more. The benchmark will have its last fixing at around 6:55 a.m. New York time Friday, fading away with little fanfare after once underpinning hundreds of trillions of dollars of assets globally. Libor was never meant to become such an integral part of the financial system, yet it would eventually come to…

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