Libor’s End Forces Global Banks to Juggle Multiple Replacements

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BC-Libor’s-End-Forces-Global-Banks-to-Juggle-Multiple-Replacements , Alexandra Harris (Bloomberg) — For the world’s biggest financial firms, getting ready for the end of one multi trillion-dollar global reference rate is a monumental undertaking.

Libor’s end forces global banks to juggle multiple replacements. There is roughly $370 trillion of financial products tied to Libor and other similar benchmarks

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