For all its shortcomings, Libor is still a fixture of the global financial system. After the scandal, regulators talked about scrapping the benchmark and replacing it with one based on actual trades rather than what banks say their borrowing costs are. But that proved impossible, because the number was baked into so many contracts lasting many years. In 2014 the BBA was stripped of its role overseeing Libor and replaced by Intercontinental Exchange, a U.S. derivatives-trading platform. These days, Libor is based in part on actual transactions, but it still involves guesswork. Prompted by their success with Libor, authorities around the world undertook similar investigations into benchmarks for foreign exchange, precious metals, and commodities, unearthing widespread manipulation across markets and sparking billions of dollars more in fines.
倫敦銀行同業拆息（英文：London Interbank Offered Rate，簡稱LIBOR），或稱倫敦同業拆放利率，是一個英國銀行同業之間的短期資金借貸款的成本，原來由英國銀行家協會（British Banker's Association）按其選定的一批銀行，於倫敦貨幣市場報出的銀行同業拆借利率，計算出平均指標利率。此指針利率，每個銀行營業日都可能不同。