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Governments to get accounting guidance for Libor’s demise

AUGUST 19, 2019 | by Amanda Iacone | BLOOMBERG

“The Government Accounting Standards Board is set to release proposed rule changes in September to address the demise of the benchmark interest rate known as Libor…. The proposal would add two new reference rates to the board’s rules … The board is also considering whether to delete the London Inter-Bank Offered Rate (Libor) from the rules …”

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