Photo of Jillian Mariutti “There was no surprise that Libor as we knew it would have to change,” Mariutti says.

NEW YORK CITY—Libor, an index that underpins $350 trillion in financial contracts, has been a benchmark for global borrowing for nearly half a century. But it will soon go the way of BOAC and the Beatles, two British institutions that were still recent history when Libor was devised. Will the sunset of Libor in 2021 plunge lenders and borrowers into darkness and confusion? And what will take its place?

In the view of Jillian Mariutti, director at Mission Capital Advisors, the answer to the first question is no, because the writing has been on the wall since the Libor manipulation scandal of 2012.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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