It might be that the path for broad  15  See Kashyap, A. K., R. Rajan and J. C Stein (2002), “Banks as liquidity providers: an explanation for the coexistence of lending and deposit-taking”, The Journal of Finance, Vol. 57, No. 1, pp 33–73.
In addition, LIBOR will most likely be permanently discontinued after the end of 2021 judging from the announcement by the U.K. Financial Conduct Authority in July 2017 that the survival of LIBOR cannot be guaranteed. LIBOR is the most widely-used benchmark in the global financial system and its discontinuation would have a significant impact on Asian markets.