In our last episode, we covered LIBOR\u2019s history and reasons why it\u2019s being phased out. Now, we dive into what\u2019s next and LIBOR\u2019s replacement: SOFR.\xa0
Michael Whalen, a managing director in BRG\u2019s Washington, DC, office, explains different approaches to replacing LIBOR and what the next generation of benchmarks will be expected to handle.