Libor ending will disrupt trade and supply chains if banks are not prepared
Commentary: End of Libor could trigger supply chain shock
By Kathleen Tyson in London
More than 80% of trade and supply chain finance globally prices using the London interbank offer rate term benchmarks in dollars. Supervisors have ordered that Libor funding for new transactions cease after 31 December 2021 when most publication of Libor rates will stop. If banks and exporters are not prepared for this transition, the end...