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The LIBOR runway for insurers is shrinking

from ThinkAdvisor

The LIBOR runway for insurers is shrinking ThinkAdvisor A major deadline is rapidly approaching for life and annuity issuers, and many aren’t taking the necessary steps to be fully prepared. It has been a few years since regulators announced that the London Interbank Offered Rate (LIBOR) would be discontinued by December 2021. The average interest rate at which major global banks borrow from one another, LIBOR is linked to around $400 trillion in financial instruments, including derivatives, options, floating rate notes, loans, securitizations and other short-term products. READ MORE

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