Libor, the world’s most important number, is going away in 2021. But according to a recent Wall Street Journal article, banks and corporates have been slow to move away from the rate – even as regulators are uncharacteristically ahead of schedule in creating alternatives. So why are finance executives dragging their feet? Laurie Brignac has some thoughts.
Brignac is the chief investment officer and head of Invesco’s Global Liquidity Business. She’s a recognized industry expert on corporate investing who has presented at the AFP Annual Conference. Brignac has been in the investment business since 1989 and is on numerous industry committees both in the U.S. and globally. Brignac discussed the “what”, the “when” and the “how” to be ready for the Libor transition.
Invesco assets under management are as of May 24, 2019.
The opinions expressed are those of Laurie Brignac are based on current market conditions and subject to change. Her opinion may differ from those of other Invesco investment professionals. Invesco Advisers, Inc. is an investment adviser. It provides investment advisory services and does not sell securities. Invesco Advisers is an indirect, wholly owned subsidiary of Invesco Ltd. Invesco and its entities are not directly affiliated with the Association of Financial Professionals. NA5234
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