Huan, Xing, Previts, Gary and Parbonetti, Antonio (2020) A world without LIBOR : a new financial order? [Online]. (https://sites.law.duke.edu/thefinregblog/2020/03/1...)Duke University School of Law.

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Abstract

On June 27, 2012, news of Barclays being fined for manipulating the daily setting of the London Interbank Offered Rate (LIBOR) and Euro Interbank Offered Rate (EURIBOR) flooded the media. Nearly eight years later, the transition away from LIBOR is still a work in progress. Since the Financial Accounting Standards Board (FASB) and the Governmental Accounting Standards Board (GASB) addressed the LIBOR phaseout, the topic has drawn considerable attention. In our recent paper, we revisit a number of landmark legislations that contributed to the LIBOR provisions, discuss some critical aspects related to financial system design, and propose a conceptual model of banking regulation. In this blog post, we focus on the responses of accounting and financial regulators to the LIBOR transition.

Item Type:	Digital Scholarly Resource
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	Faculty of Social Sciences > Warwick Business School
Publisher:	Duke University School of Law
Official Date:	16 March 2020
Dates:	Date Event 16 March 2020 Published
Publication Status:	Published
Media of Output (format):	The FinReg Blog
Access rights to Published version:	Open Access (Creative Commons)
Date of first compliant deposit:	16 March 2020
Date of first compliant Open Access:	20 March 2020

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