I. What’s the issue?
The London Interbank Offered Rate (“LIBOR”) is the most widely used interest rate benchmark in the world, referenced in some $373 trillion notional value of financial transactions of all types. But...more
In light of the various price-fixing scandals surrounding the London Interbank Offered Rate (“LIBOR”) and the limited activity in the London interbank market, the U.K. Financial Conduct Authority (“FCA”) announced in 2017...more