Worth re-flagging a piece from RTRS...........>

LIBOR: Worth re-flagging a piece from RTRS earlier: "Japan is considering

on-site monitoring for financial firms to push migration from Libor, according

to the results of a regulatory survey seen by Reuters, as the scandal-hit

interest rate benchmark will cease to exist by the end of 2021. Such a move

would be a visible sign that Japanese regulators are keen to put more pressure

on financial firms to move away from the benchmark. Regulators globally are

urging banks to ditch Libor and shift to new rates. The Financial Services

Agency and the Bank of Japan found a massive Y6,500tn worth of Libor-related

contracts including loans, bonds and derivatives in the country's 278 financial

firms, the survey, which has yet to be released, showed. The London Interbank

Offered Rate (Libor) is based on polls of selected banks, and lenders were fined

billions of dollars for trying to manipulate their submissions during the

financial crisis a decade ago."