It is one of the best known and most important interest rates in the world. But it is not important because banks actually ... when it too was decidedly lower (see chart). In part, LIBOR may have been ...

However, its introduction coincided with the growth of new interest rate–based financial instruments—such as forward rate agreements ... when it too was decidedly lower (see chart). In part, LIBOR may ...

But in their rush to chart life after Libor regulators overlooked something vital ... And it’s not like Libor is fading away. US dollar Libor interest rate swaps stood at a mighty US$237trn at the end ...