Join Trang speaking with Refinitiv’s Philippe Shah, Regional head of Benchmarks & Indices, APAC, and Rebecca Weinrauch, Head of Fixed Income at ASIFMA, to break down the incoming transition of the London Interbank Offered Rate (LIBOR) to the use of alternative benchmarks and rates after 2021.
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Launched in 1986 by the British Bankers’ Association, LIBOR (London Interbank Offered Rate) had become the globally accepted key benchmark interest rate. But after vulnerabilities were exposed in the LIBOR calculation, The Financial Stability Board made the decision to phase out the rate by 2021. With the deadline looming, firms have been working to develop a transition plan and analyzing the impact of the LIBOR transition on their operations. Join Refinitiv experts and the Head of Fixed Income at ASIFMA, as they discuss the incoming transition and answer your important questions about navigating this change.
Discover the answers to the following questions, and more:
- What’s LIBOR, and what are some of the risks / problems associated with it?
- If you had to break it down for those unfamiliar with the LIBOR transition, what does it entail (in a nutshell), and what are the implications for financial institutions?
- Central banks around the globe are designating alternative risk-free rates to replace LIBOR – can you give a brief overview of the pros and cons of these alternative benchmarks?