Libor Cessation and Its Impact on Financial System.

#market #interestrates #derivatives #bank #loan #mortgage

As the end of Libor on June 30, 2023 approaches we will look at why this could increase volatility and lower liquidity in the financial system worldwide.

I have spoken about Libor before so today we will go over the basics of what Libor is and how it is in the financial system.

Speech by Andrew Bailey, Chief Executive of the FCA, at the Securities Industry and Financial Markets Association's (SIFMA) LIBOR Transition Briefing in New York, USA.: https://www.fca.org.uk/news/speeches/libor-preparing-end

2023 marks the last step on the LIBOR transition journey. With June 2023 cessation deadline for USD LIBOR in mind, market participants must not relax their efforts to ensure an orderly transition.: https://www.ey.com/en_ch/ibor/libor-transition-where-do-we-stand-ahead-of-the-ultimate-cessation-date-in-june-2023

BBC to air recording that implicates Bank of England in Libor scandal: https://www.theguardian.com/business/2017/apr/10/libor-scandal-bbc-recording-implicates-bank-england

maneco64 Derivatives File: https://www.youtube.com/playlist?list=PLtbk62Ie_5SUhUTwVqtwaR1qAsE3jw6T0

maneco64 Libor File: https://www.youtube.com/playlist?list=PLtbk62Ie_5SWhbWtsyrTb4BKVKIlpQG0T

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.