Author: Andreas Faeste

11 Aug 2017 Market Insight – LIBOR in Limbo?

The U.K.’s Financial Conduct Authority (FCA) has recently set the market abuzz with its announcement that it will no longer require banks to submit quotes for LIBOR rates in sterling by the end of 2021. The FCA also recommended that the market stop using LIBOR as a benchmark. Voya Senior Loan Group Co-Heads Jeff Bakalar and Dan Norman establish a framework of “what’s what” to help investors understand this development, including what is known at this point and the potential implications for the senior loan and CLO markets.
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