The London Inter-bank Offered Rate (LIBOR) is one of the main interest-rate benchmarks used in global financial markets. By the end of 2021, LIBOR reference rates and other interbank offered rates (IBORs) will be retired. What will replace LIBOR and other IBORs, and what does this mean for investors?
Established in 1986, LIBOR is seen as one of the most important interest rates in the global finance industry. In addition to deciding the price of transactions, the rate is seen as a measure of trust and reflects the confidence that banks have in each other.
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