March 23, 2022 - On March 15, 2022, President Joe Biden signed into law the Adjustable Interest Rate (LIBOR) Act as part of a $1.5 trillion omnibus spending package. The LIBOR Act is a significant ...

Bankers used it until the end. Regulators say good riddance after its infamous fall. By Lananh Nguyen and Jeanna Smialek The London interbank offered rate, a number that spent decades as a central ...

Forbes contributors publish independent expert analyses and insights. I am a professor of finance at Michigan Ross. London Interbank Offer Rate (LIBOR) is dying a slow but predictable death. After ...

It’s time to stop “postponement syndrome” over the expiration of the London interbank offered rate. There can be no more stalling. In March, Federal Reserve Vice Chair for Supervision Randal Quarles ...

Two summers ago, the head of Britain’s Financial Conduct Authority, Andrew Bailey, made news when he announced that LIBOR – the leading benchmark for setting global interest rates – had a ...