As everyone knows, LIBOR is ceasing—and no new USD LIBOR loans or CLOs should be originated after the end of 2021. We have been making progress. Forward Looking Term SOFR is now in scope for business loans and CLOs, which removes the concern about calculating a daily SOFR.  This article was written by Meredith Coffey, EVP of Research & Co-Head of Public Policy of the LSTA.