Tej Macroeconomics, Libor, Libor Transition, Interest Rates.
Cessation of LIBOR after 2021, how do banks do? 🔸Introduction🔸 The Libor rate had come to lose the representative of the rate benchmark in the financial market, and FCA (Financial Conduct Authority) in July 2017, announced that there is no requirement for banks to deliver the LIBOR rate at the end