LIBOR, the benchmark interest rate hardwired into global lending markets, will be phased out by the end of 2021. The regulators have spoken. The Federal Reserve and Bank of England have indicated that banks need to start preparing for the change now which could be highly disruptive. But with good preparation, it need not be.
To prepare for a seamless transition to risk-free rates, Finastra has expert consulting advice and the latest updates to ensure readiness for life after LIBOR.
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