The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.

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The Most Important Number in Finance Is Going Away. Wall St. Isn’t Prepared.

Andrew Bailey, chief executive of Britain’s Financial Conduct Authority, warned banks against “misplaced confidence in Libor’s survival” last week.

By MATT PHILLIPS

Full Story at https://www.nytimes.com/2018/07/19/business/libor-future-2021-phase-out.html?partner=rss&emc=rss

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