U.K. regulator says the benchmark is unsustainable.
By Suzi Ring, Bloomberg|July 27, 2017 at 04:08 AM
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Libor, the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021, as U.K. regulators and banks look to replace the scandal-tarred indicator with a more reliable system.
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