Current Affairs · Banking and Finance
Which of the following statements regarding LIBOR and Alternate Reference Rates (ARR) is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1ARRs are fixed rates, unlike LIBOR which was variable.
- 2India has adopted EURIBOR as its official replacement benchmark for LIBOR.
- 3The transition from LIBOR to ARRs was mandated due to manipulation issues and a lack of transaction-based data.✓
- 4LIBOR continues to be the primary global benchmark rate as of 2026.
Correct answer
The transition from LIBOR to ARRs was mandated due to manipulation issues and a lack of transaction-based data.
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