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A comment on The brazenness of the LIBOR scam. Parent comment

Re:The brazenness of the LIBOR scam by osullivj on Tuesday February 20, 2018 @06:11AM (#16419458)
Yes - and around that time the switch to SONIA, EONIA and away from LIBOR fixings started.
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Re:The brazenness of the LIBOR scam by lucozade on Tuesday February 20, 2018 @07:38AM (#16419875)
There wasn't really a move away from Libor fixings. They were, and still are, very important in the derivative markets.

There was a move towards collateralised transactions so the overnight rates become more important for funding than the unsecured rates.

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