On the recordMarch 22, 2021
Congress does need to provide legislation for the LIBOR transition.
Source
congress.govCongress does need to provide legislation for the LIBOR transition.
Yellen emphasized the necessity of legislation for the LIBOR transition.
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I will never forget it. I was involved in it, and we did everything we could to put together a package of measures that would stop what could have become a run on the banking system.