LIBOR, the London Interbank Offered Rate, has been a primary benchmark in financial markets since the early 1980s. But it’s being phased out.
Why is the industry moving away from LIBOR? What will replace it? And what will this transition mean for investors, borrowers and banks?
In the first installation of this two-part feature, Greg Sitrin, head of fixed income trading at Raymond James, discusses the reasons behind the shift and implications for investors holding LIBOR-tied securities and contracts. [Recorded 10/22/21]