Rob McDonough Assesses Status of LIBOR

The London Interbank Offered Rate (LIBOR) has historically represented the rate paid by large financial institutions when borrowing from other similar firms in the interbank market.  The diminished number of interbank transactions in conjunction with the LIBOR calculation scandal triggered the search for a more viable benchmark rate.  Senior Research Manager Rob McDonough discusses efforts to identify a suitable replacement for LIBOR as well as the impact of this change.

Read article

Back to: