1.Finance Executives Look to Advance Libor Transition in 2021 was a headline in the Wall Street Journal late last year. Banks face a Dec. 31,
1.Finance Executives Look to Advance Libor Transition in 2021 was a headline in the Wall Street Journal late last year.
Banks face a Dec. 31, 2021, deadline to replace Libor with alternative rates for new contracts following a years-long transition effort. The phase-out is forcing finance executives to take stock of their contracts, communicate with banks and investors and adjust their interest-rate cost calculations.
- What is LIBOR?
- Why is it being replaced?
- What are some of the differences between Libor and its likely successor, the Secured Overnight Funding Rate (SOFR)?
- Are banks ready for the change?
- What are some of the complexities associated with the transition?
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Authors: R. Glenn Hubbard, Anthony Patrick O Brien
7th edition
134738314, 9780134738116 , 978-0134738321
