Reference Rate Reform Update – 2Q 2021

Thoughtware Alert Published: Jul 22, 2021
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As the U.S. economy continues to rebound, progress on the elimination of the London Interbank Offered Rate (LIBOR) remains stubbornly low. Despite years of warnings, the rate’s pervasiveness in financial markets continues almost unabated. The most critical step this year for a successful transition is for firms to end new use of LIBOR. 

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