From LIBOR to SOFR: How the Impending Transition May Affect U.S. Regional Banks’ Ability to Set Viable Lending Rates for Both Borrower and Lender
David Wagner, a Senior Advisor in Houlihan Lokey’s Financial and Valuation Advisory business, recently spoke with The Wall Street Journal about the differences between LIBOR and SOFR, the transition from one rate to another, and how those key differences might affect “the ability or willingness of smaller banks” in the U.S. to use SOFR, as the once dominant interbank offered rate is phased out.