Markets

Looming US dollar Libor deadline: late nights ahead for bankers and clients?

By John Hintze
Amol Dhargalkar

Significant progress so far suggests major mishaps unlikely, but term SOFR concerns linger.

Market participants express confidence that the June 30 deadline to transition away from the US dollar London Inter-Bank Offered Rate (Libor) will pass without major upsets, assuming no surprise politico-economic events intervene. Nevertheless, a significant portion of ...

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