News
16 September 2021

Lending in Libor alternatives 'not where it should be'

Region:
Americas

Lending banks must quickly move to alternative interest rates to Libor and push their borrowers to do the same, as the end-of-year deadline for firms to stop using the tarnished rate for new exposures nears, the general counsel of Federal Reserve Bank of New York said.Regulators have mandated the...

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