LIBOR: Checklist Issued May Ease Transition to New Benchmark Rate

The financial industry’s shift away from the key benchmark rate it has historically used is picking up steam, with most of those affected likely to be using another benchmark by the end of next year. That said, the switch from the older rate, the London Interbank Offered Rate (LIBOR) is likely to be somewhat complex. A key government committee recently issued a checklist to help asset management firms and others manage their move.
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