Libor: This APAC country sets up a steering committee to deal with transition
Future CFO
SEPTEMBER 1, 2019
Libor is the rate at which banks can borrow from each other, for up to a year, in dollars and other currencies including sterling, Swiss francs, yen and euro. The accounting standard body said that it will assess if further changes to its standards are necessary once it has clarity about what the new rates are.
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