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Home / Commentary / Leaving LIBOR — What does it mean for you? (access required)

Leaving LIBOR — What does it mean for you? (access required)

For more than 40 years, the London Interbank Offered Rate, or LIBOR, has been a key benchmark for setting the cost of floating-rate debt around the world. LIBOR also plays a big role in pricing debt issued by corporate borrowers. Following the 2008 financial crisis, the integrity of LIBOR was questioned due to manipulation concerns. A contraction in the unsecured interbank ...

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