The clock is definitely ticking but banks in the UK and Japan heaved a sigh of relief when in September regulators gave the green light to publishing an artificial or synthetic Libor or London Interbank Offered Rate number through 2022.

The clock is definitely ticking but banks in the UK and Japan heaved a sigh of relief when in September regulators gave the green light to publishing an artificial or synthetic Libor or London Interbank Offered Rate number through 2022.