‘LIBOR’ benchmark is going; who fills LIBOR’s shoe?
Updated on 08.07.2021 On Thursday July 08, 2021, the Reserve Bank of India (RBI) issued an advisory to banks and other RBI-regulated entities emphasizing the need for preparedness for the transition away from London Interbank Offered Rate (LIBOR). The key steps to be taken in this regard include use any widely accepted alternative reference rate…