Keep Calm & Carry On in the LIBOR Transition

Keep Calm & Carry On in the LIBOR Transition

January 26, 2022

Edwin Schooling Latter

Director of Markets and Wholesale Policy, Financial Conduct Authority

The London Interbank Offered Rate (LIBOR), long the most important number in banking, ceased publication for most tenors on January 1, 2022.


To mark this historic milestone, Bank of New York Mellon’s Chief Investment Officer and Executive Sponsor of the firm’s LIBOR Program, Jason Granet, met with Director of Markets and Wholesale Policy for the UK’s Financial Conduct Authority (FCA) Edwin Schooling Latter, for a lively and candid conversation on the key takeaways from the UK’s move away from LIBOR, expectations for the US move with USD settings due to cease in June 2023 and expectations for a post LIBOR world.

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Jason Granet

Chief Investment Officer, BNY Mellon and BNY Mellon’s Executive Sponsor of the LIBOR Transition program

Garrett Marquis, Moderator

Global Head of External Communications, BNY Mellon

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