Publication | Proximo
Beyond Libor: The Rise and Fall of a Benchmark
Michael Whalen writes about the history and regulation of Libor, the benchmark interest rate that underpins project and infrastructure floating rate loans; financial trading; and the potential influence of the Federal Reserve’s Alternative Reference Rates Committee (ARRC) on market structure.
Read the article. (subscription required)
Read part 2, “Beyond Libor: SOFR So Good?“