1.Finance Executives Look to Advance Libor Transition in 2021 was a headline in the Wall Street Journal late last year.

Banks face a Dec. 31, 2021, deadline to replace Libor with alternative rates for new contracts following a years-long transition effort. The phase-out is forcing finance executives to take stock of their contracts, communicate with banks and investors and adjust their interest-rate cost calculations.

• What is LIBOR?
• Why is it being replaced?
• What are some of the differences between Libor and its likely successor, the Secured Overnight Funding Rate (SOFR)?
• Are banks ready for the change?
• What are some of the complexities associated with the transition?

Answer rating: 100% (QA)

Finance Executives Look to Advance Libor Transition in 2021 LIBOR is the benchmark rate used by the ... View the full answer