Libor Remains a Big Problem, But At Least It’s Getting Smaller

Untangling the vast global derivatives industry from Libor just got a bit easier. The London interbank offered rate is hardwired into swaps and other contracts worth hundreds of trillions of dollars, but it’s slated to disappear in the not-too-distant future. …

from News – Insurance Journal https://ift.tt/3chvcYa