CHANGING THE WORLD S MOST IMPORTANT …

CHANGING THE WORLD S most IMPORTANT number LIBOR TRANSITION1. EXECUTIVE SUMMARYThe London Interbank Offered Rate (LIBOR) is the reference interest rate for tens of millions of contracts worth more than USD 240 trillion, ranging from complex derivatives to residential mortgages. LIBOR is also hardwired into all manner of financial activity, such as risk, valuation, performance modelling and commercial contracts. It has been called the WORLD s most IMPORTANT number .However, significantly reduced volumes of interbank unsecured term borrowing, which is the basis for LIBOR, is calling into question its ability to continue playing this central groups convened by regulators in the most used LIBOR currencies have already converged on alternative reference rates.

2. REGULATORS SEEK REPLACEMENTS FOR LIBOR The London Interbank Offered Rate (LIBOR) is ubiquitous in the financial landscape. Called the “world’s most important number”, it is used as a reference rate in a wide range

Loading..

Tags:

  Important, Financial, Number, Most, Most important, Most important number

Information

Related search queries