Although LIBOR plays a central role in the financial landscape, with over $200 trillion in U.S. LIBOR contracts, its sustainability as the primary reference rate has declined and the transition to alternative rates across global markets seems inevitable. Considering the magnitude of processes and securities affected by the transition away from LIBOR, firms cannot afford to delay action on their changeover efforts.
BANKING BENCHMARKS: WHAT'S THE GOING RATE?
Published: 13 July 2018
Banking Benchmarks: What's the going rate?