Ditch Libor to avoid New Year's Eve 2021 hangover - UK regulator
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LONDON (Reuters) - Companies should press ahead with ditching Libor for pricing loans if they want to avoid a corporate hangover after New Year's Eve 2021, Britain's financial watchdog said on Wednesday.The coronavirus pandemic has delayed until early 2021 some interim milestones for ending the use of the London Interbank Offered Rate that is used to price financial contracts worth around $400 trillion globally.This has raised hopes among companies that an end-2021 deadline for scrapping Libor,..