The Libor Transition is Coming. Banks Should Start Planning Now

The Libor Transition is Coming. Banks Should Start Planning Now

Although it’s been a conversation in the industry since 2014, the dialogue around sun-setting Libor (London Interbank Offer Rate) is intensifying. Published daily, Libor is the interest rate benchmark upon which many other interest rates are based. With its replacement, SOFR (secured overnight financing rate), widely agreed upon, Libor’s planned retirement in 2021 has made advice from...

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