What is LIBOR and why is it necessary?

All players in financial services are facing the biggest change since the implementation of the Euro, as firms transition away from London Inter-Bank Offered Rate (LIBOR. as the rate proved to be an unreliable benchmark for international interest rates. Panel Banks and market participants were told to stop submitting the once global benchmark standard interest rate- LIBOR after 2021.

This has and will bring your organisation a plethora of regulatory issues if not conducted in an timely and effecient manner.

Read more on how this transition will affect your organisation and what steps you will need to take to ensure you are ready for LIBOR’s demise.