A Banking Rule Change Puts $350 Trillion Of Debt In Limbo

August 8, 2017 Parke Shissler

 

A Banking Rule Change Puts $350 Trillion Of Debt In Limbo
August 7, 2017

“Clearly, given the wide variety of language that can potentially appear in a loan agreement, any broad example will not be relevant for all circumstances,” its July 28 advisory, “Life after LIBOR: the $350 trillion question,” warns. “For new contracts, we would recommend working with your advisors to craft language that contemplates the eventual shift away from LIBOR.”
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The Loan Market Loves LIBOR...
The Loan Market Loves LIBOR...

Global markets are plotting a move away from the London Interbank Offering Rate (Libor).

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