Readie Callahan, head of communications strategy at Wells Fargo’s LIBOR Transition Office, participated in a video interview at Nareit’s REITwise: 2019 Law, Accounting & Finance Conference in San Antonio.
Callahan said that the transition from LIBOR (London Interbank Offered Rate) to SOFR (Secured Overnight Financing Rate) is critical because LIBOR is so widely used.
from News https://www.reit.com/news/videos/wells-fargo-urges-reits-examine-libor-contract-language
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