If you are a banker, you must have heard about the LIBOR transition to RFR and why the Financial Conduct Authority (FCA) who is responsible for LIBOR regulation wants to phase out Libor by the end of the year 2021. But, what LIBOR is and why is there a need for its transition to RFR?
In today’s blog, we will learn what LIBOR and RFR are, including the reason why such a transition is happening in the first place. So let’s get started.
What is LIBOR?
