Corporate FinanceFinancial ServicesMarch 1, 2023by fieconThe Rise & Fall of the London Interbank Offer Rate (LIBOR)
Reference rates are critical to the financial system. They are the benchmarks that lenders and borrowers refer to when setting the interest rates on credit. They also form the backbone of interest rate derivatives such as interest rate swaps and futures. The London Interbank Offer Rate (LIBOR) has been the reference rate for over 400...