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What Now? LIBOR to be Phased Out by 2021
June 28, 2018
Joshua B. Brandsdorfer
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Financial Institutions, Financial Services Regulatory
The United Kingdom Financial Conduct Authority has announced it will phase out the London Interbank Offered Rate (LIBOR) by 2021, putting an end to the governing global borrowing index which, for the last 50 years, has supported trillions of dollars in financial instruments. LIBOR is a figure determined daily by a select group of creditworthy