{"id":31289,"date":"2020-07-13T20:56:33","date_gmt":"2020-07-13T16:56:33","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31289"},"modified":"2020-07-13T21:00:07","modified_gmt":"2020-07-13T17:00:07","slug":"new-york-fed-plans-libor-rate-phaseout-by-end-of-2021","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/new-york-fed-plans-libor-rate-phaseout-by-end-of-2021\/07\/13\/market-updates\/","title":{"rendered":"New York Fed Plans Libor Rate Phaseout by end of 2021"},"content":{"rendered":"\n<p>The President of the New York Federal Reserve Bank, John Williams, reiterated plans to phase out the use of Libor rate by the end of 2021, Reuters reported.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;It doesn&#8217;t matter whether you are a large global bank or a local company with a handful of employees, you need to be prepared to manage your institution&#8217;s transition away from LIBOR,&#8221;<\/p><cite>Williams said during a webinar organized by the Alternative Reference Rates Committee<\/cite><\/blockquote>\n\n\n\n<p><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;As I&#8217;ve said before, let&#8217;s not make the existing hole we&#8217;re trying to climb out of even deeper.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The President of the New York Federal Reserve Bank, John Williams, reiterated plans to phase out the use of Libor rate by the end of 2021, Reuters reported. &#8220;It doesn&#8217;t matter whether you are a large global bank or a local company with a handful of employees, you need to be prepared to manage your &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6867],"class_list":["post-31289","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-federal-reserve"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31289"}],"version-history":[{"count":5,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31289\/revisions"}],"predecessor-version":[{"id":31294,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31289\/revisions\/31294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31082"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}