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The Financial Stability Board (FSB) published a global transition roadmap for LIBOR. The roadmap sets out a timetable of actions for financial and non-financial sector firms to take in order to ensure a smooth LIBOR transition by end-2021.

Legislation designed to switch financial contracts referencing US dollar Libor to a replacement benchmark without exposing users to litigation could be challenged in the courts, legal experts say.

In what could be a death rattle for LIBOR, a competing index backed by two American companies announced it would be using the ethereum blockchain.

The International Accounting Standards Board will on Friday publish proposals offering relief on the treatment of old Libor-type benchmarks and newer ones, such as Sofr, the US benchmark.

Vodafone is no longer part of the Libra consortium. Vodafone will dedicate resources previously intended for Libra to its well-established and successful digital payment service M-Pesa, which the company plans to expand beyond the six African nations currently served.