The financial crisis claims another victim – LIBOR
LIBOR, the London Interbank Offered Rate, used worldwide in an array of financial instruments and contracts will be phased out by 2021.
It is used around the world to price financial products and to calculate interest rates in a wide range of financial transactions and is estimated to influence around $350 trillion worth of financial contracts.
What will the phase out process look like? What will be the repercussions for finance agreements and lending transactions? We look at this and more in the briefing below.