- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
The slow death of a critical benchmark interest rate will produce a series of compliance headaches for companies stretching over the next few years.
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Federal Reserve Chair Jerome Powell told Congress he does not expect federal legislation will be needed to address the demise of the London Interbank Offered Rate, which is set to expire in 2021.
Royal Dutch Shell has announced the signing of one of the world’s first credit facilities linked to the new Secured Overnight Financing Rate.
Despite warnings to prepare, financial institutions still face a lot of work and uncertainty around the demise of LIBOR, a new assessment suggests.
