Economics
Fed Warns That the End of Libor Really Is Coming, So Be Prepared
- ‘The transition should begin happening in earnest’: Quarles
- Federal Reserve official delivers message to ARRC roundtable
This article is for subscribers only.
The Federal Reserve says the London interbank offered rate is going to come to an end and markets need to take warnings about that “seriously.”
That’s the message from Randal Quarles, the central bank’s vice chairman for banking supervision, speaking Monday via pre-recorded video to a roundtable of the Alternative Reference Rates Committee.