Category Archives: LIBOR

LIBOR Benchmark Reform: An Overview of LIBOR Changes and the Impact on Financial Services, Pricing, and Risk

By | April 1, 2020

Courtesy of Nicholas Burgess  The financial crisis of 2008 fundamentally altered the interbank market and the way banks fund themselves. Banks and regulators alike recognised the risks inherent in unsecured borrowing and lending between banks. Consequently, the London Interbank Offered Rate (LIBOR) derived from the London interbank unsecured lending market, was revealed to suffer from… Read More »

A World Without LIBOR: A New Financial Order?

By | March 16, 2020

Courtesy of Xing Huan, Gary J. Previts, and Antonio Parbonetti Introduction On June 27, 2012, news of Barclays being fined for manipulating the daily setting of the London Interbank Offered Rate (LIBOR) and Euro Interbank Offered Rate (EURIBOR) flooded the media. Nearly eight years later, the transition away from LIBOR is still a work in… Read More »