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Odd Lots

How The Transition Away From LIBOR Is Actually Going

Odd Lots

Bloomberg

News, Business, News Commentary, Investing, Business News

4.52K Ratings

🗓️ 4 June 2020

⏱️ 34 minutes

🧾️ Download transcript

Summary

Part IV of the Odd Lots LIBOR series

Transcript

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0:00.0

To me, context is about pattern recognition.

0:02.8

It's connecting the dots.

0:04.4

It's giving readers an ability to synthesize

0:07.6

a number of different perspectives

0:09.2

so they can understand how the greater whole works,

0:12.0

because nothing really occurs in isolation anymore.

0:14.4

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

0:18.0

On our platform, we ask tough questions and solve complex problems with the facts in mind.

0:23.0

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Hello and welcome to another episode of the Odd Lots Podcast.

0:45.0

I'm Tracy Allaway.

0:46.0

And I'm Joe Eisenthaw.

0:48.0

So, Joe, I think on our last recording of our Libor series, I think I said that that was actually the last episode, but you know what, that was false advertising.

1:01.1

You could just, there's never enough LibOR is there? No and also it's kind of amazing but as we

1:06.7

continue to record these episodes more and more people want to actually talk about

1:12.1

LIBOR.

1:14.0

And I guess it kind of makes sense, after all,

1:16.0

this is the reference rate that affects,

1:18.0

you know, I can never keep track,

1:20.0

but I think it's something like 350 trillion dollars worth of assets so obviously it's absolutely

1:26.4

crucial for the financial system. Right I mean yeah as you say it makes sense that

1:31.9

people have so much to say about it given that it's been so crucial to the pricing of trillions of hundreds of trillions of dollars worth of assets and it's this sort of Herculean task to sunset it in some way and

1:45.7

transition to something else so I don't know maybe we should do like a month-long

...

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