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Expert Analysis

What If Market Snubs SOFR As New Benchmark Interest Rate?

By Alex Cota, Elizabeth Loonam and Marni Isaacson (June 30, 2021, 2:09 PM EDT) -- Libor is being phased out as a result of the U.K. Financial Conduct Authority's prior announcement that it will no longer require banks to provide Libor estimates. The change coming on the heels of the 2012 Libor manipulation scandal and the fact that the Libor benchmark has been based on fewer and fewer transactions....

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