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Home Banking Libor ending will disrupt trade and supply chains if banks are not prepared

Libor ending will disrupt trade and supply chains if banks are not prepared

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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 of Libor risks widespread disruption to trade and supply chain finance.

Read the full commentary on the website.

Meeting: The macroeconomic outlook and market implications for Asia in 2022

Thursday 9 December 09:00-10:00 GMT

The pandemic continues to pose major challenges for both advanced and developing Asian economies. This panel discussion will provide an end-of-year review of the macroeconomic landscape across Asia and an outlook for 2022, including inflation forecasts and opportunities for growth. There will also be an assessment of fiscal and monetary responses to market volatility and high interest rates as well as geopolitical developments and regional stability.

Register to attend here.

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