The Financial Stability Board (FSB), which coordinates financial rules for G20 countries, outlined its new transition polices
to move away from LIBOR by the end of 2021. A number of U.S. dollar
LIBOR rates will be available until the end of June 2023, but can only
be used for legacy contracts. The FSB is encouraging the use of
overnight risk-free rates, which include SOFR in the United States and SONIA in Great Britain.
Thursday, June 3, 2021
LIBOR End Is Near
