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LIBOR’S Last Lucid Moment  


Author:  Lincoln Finkenberg.


Source: Volume 36, Number 01, January 2020 , pp.11-14(4)




Review of Banking & Financial Services

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Abstract: 

The discontinuance of LIBOR in 2021 is likely to cause disruption in debt capital markets and significant litigation. The author outlines the problems raised and discusses the complexities of SOFR as an alternative reference rate. He then describes proposed solutions and closes with steps institutions can take now to minimize potential disruptions.

Keywords: Phaseout of LIBOR as Reference Rate; Phaseout and the Debt Market; Secured Overnight Financing Rate (“SOFR”)

Affiliations:  1: Perkins Coie LLP.

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