LIBOR’s End Looms but Lenders Still Search for Replacement

As the 2021 end of the LIBOR approaches, banks, accountants and regulatory bodies are still struggling to find a replacement standard that is immune to the same manipulation that brought about LIBOR’s demise, reports Bloomberg Tax.

LIBOR Won’t Back Down

LIBOR (London Interbank Offered Rate) is attempting to fend off a challenge to its title as the global benchmark for dollar-based assets from SOFR (Secured Overnight Funding Rate). ABF Journal illustrator Jerry Gonzalez shares his vision of the battle.