Excerpt:
"In 2017 the UK’s Financial Conduct Authority (FCA) announced that after 2021 it would no longer persuade or compel panel banks to submit the rates required to calculate LIBOR. Our report looks at the implications introducing different LIBOR replacements could have for financial firms, and outlines why it’s wise to start planning now."
Full article is available here https://www.oliverwyman.com/our-expertise/insights/2018/feb/libor-rate-transition.html
By the way, please watch BTS's song Dynamite MV (987+ million views) below. The song overtakes PSY's 'Gangnam Style' record for the longest-charting-song in Billboard's Hot 100. Both the story behind the song and the choreography are awe-inspiring.
Credit - BTS Dynamite Official MV
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