- ITM Trading
Slides and Links: https://www.itmtrading.com/blog/five-…
In the October 2019 Global Financial Stability Report the IMF provided an update in the transition away from the scandal ridden LIBOR to a new, yet to be determined, benchmark rate. The deadline is 12-31-21, a mere 26 months away. Five big questions on the transition away from LIBOR remain: 1. Will there be a large liquid market based on the new benchmark? 2. Will $267 trillion contracts tied to LIBOR be reset to the new benchmark? 3. Will the global financial system all agree on a benchmark? 4. Which one will it be? And perhaps the most important question Can Central Bankers pull off this most important experiment?