Maxwell Briskman Stanfield of Meyer Unkovic & Scott Managing the Transition as LIBOR's End Looms
The London Interbank Offered Rate (LIBOR) is not much longer for this world, with the reference rate on track to be discontinued in most of the world by the end of the year and for certain U.S. dollar (USD) transactions by 2023.
July 19, 2021 at 12:27 PM
5 minute read
The London Interbank Offered Rate (LIBOR) is not much longer for this world, with the reference rate on track to be discontinued in most of the world by the end of the year and for certain U.S. dollar (USD) transactions by 2023. In fact, banking regulators earlier this year advised that new financial contracts after Dec. 31, should not utilize the rate.
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