A transition away from reliance on the London Interbank Offered Rate, or LIBOR, to determine overnight financing rates has affected banking in Oklahoma and worldwide with the new year.
NEW YORK / LONDON / SINGAPORE – Refinitiv today announces that USD IBOR Institutional Cash Fallbacks are now production benchmarks, and it will launch USD IBOR Consumer Cash Fallbacks 1-week and 2-month settings on January 3, 2022 – pending Refinitiv Benchmark Services (UK) Limited (“RBSL”) board approval.