The rocky road to Libor’s end

The “world’s most important number” is to be phased out by the end of 2021. Slow motion or inaction aren’t definitely desirable, but teamwork instead. It’s hard to overstate the significance of the transition from LIBOR to alternative reference rates. While organisations around the world have begun preparations for this …

The day banks will perish

One day, banks will perish. You know, the big building where bankers attend customers face-to-face and a large set of services is delivered. Even the ones that have implemented an end-only digitisation model will disappear. One day. More and more, customers don’t like cosmetic fixes, when banks design an appealing …

LIBOR, simply explained

There are interest rate indices, and there is LIBOR. There are numbers, and there is LIBOR. In fact, you can even find articles referring to it as “the world’s most important number”. But what is this index the business community is increasingly talking about?   By the end of 2021, …