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Libor Undertakers Wanted: Wall Street Braces for Benchmark’s End

Aug. 27, 2019, 12:06 PM

Libor is dying, warn global regulators, and there’s nothing banks can do to stop it.

Their only choice is to prepare for the end.

Jason Granet
Source: Goldman

That’s where Jason Granet comes in. Plucked from Goldman Sachs Group Inc.’s asset-management unit last year, he now leads a group of bankers and lawyers working day in and day out to ready the lender for the fateful day—still more than two years away—when the world’s most important reference rate is set to be phased out.

The major Wall Street banks—not to mention insurers, money managers, law firms and advisory businesses—are all mobilizing employees around ...