This statement takes stock of the transition from LIBOR, following the end-2021 transition milestone, sets out key messages for market participants for 2022-23 and information on the FSB’s future work to support the transition.
LIBOR and other benchmarks
5 April 2022
Following years of preparation, the end of 2021 marked a major milestone in the transition away from LIBOR and the FSB welcomes the smooth transition to robust alternative rates across global markets, primarily overnight risk-free or nearly risk-free rates.