Libor, the lynchpin for project and infrastructure financings, will soon be no more, and its replacement is untested. In the first of a two-part series, Michael Whalen, a managing director at Berkeley Research Group, looks at the rise and fall of Libor.
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The European Commission (EC) plans to develop a dedicated guarantee mechanism for commercial banks' credit exposures to key wind industry suppliers in a bid to bolster the cost-challenged wind sector. Will it work?