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What is LIBOR London Interbank Offered Rate about?

LIBOR, the London interbank offered rate, is a critical benchmark for various financial contracts, with about $350 trillion tied to it. Despite its significance, LIBOR has faced criticism for manipulation and inaccuracies, particularly during market stress, leading to regulatory reforms in 2013. The future of LIBOR is uncertain as alternatives are being explored, but it remains a prevalent reference point for interest rates globally.

Author

lukacsleticia

Language

EN