In 2017, the UK Financial Conduct Authority (FCA) announced that it no longer plans to compel banks to submit London Interbank Offered Rate (Libor) quotes past 2021. Once that happens, Libor will lose its status as the global interest rate benchmark. This Treasury in Practice Guide provides a detailed look at how this once trusted rate got to this point, which rates will be taking its place, what actions regulators have taken to being the transition, and how treasury departments should prepare. Libor will soon be a thing of the past. This is your opportunity to plan for a world without it.