Behind the Money

Libor's long goodbye

At one time not that long ago, you could find Libor in everything: mortgages, corporate loans, credits cards and more. Now, its days are numbered. The FT’s Harriet Clarfelt and Philip Stafford take us back to the 1980s origins of the scandal-ridden benchmark rate, how its reputation came apart and why, with just weeks to go before a June 30 deadline, one part of the financial world is still racing to leave it behind. - - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:<a href="https://www.ft.com/content/564a9c11-ffaf-484d-9176-20f5b962ee11?segmentId=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">Loan market braced for rush to Libor finish line</a> <a href="https://www.ft.com/content/5372ea07-5fb8-4ec3-b3bd-28f6139d3b3a?segmentId=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">The pain and SOFRing are almost over</a><a href="https://www.ft.com/content/b91d2ba3-d236-4bb1-9a93-f4ec9db9476b?segmentId=c6bc4c92-a175-c936-88fb-4dfe4ffadce7" rel="noopener noreferrer" target="_blank">‘Litigation will take over’: US lawmakers warned of Libor chaos</a>- - - - - - - - - - - - - - - - - - - - - - - - - - On Twitter, follow Harriet Clarfelt (<a href="https://twitter.com/hclarfelt?lang=en" rel="noopener noreferrer" target="_blank">@HClarfelt</a>), Philip Stafford (<a href="https://twitter.com/staffordphilip" rel="noopener noreferrer" target="_blank">@staffordphilip</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>) <a href="https://www.ft.com/content/5b203cdf-e798-4856-949a-d78c13688e49" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.