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 …

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, …