EXPERTISES
Äddi LIBOR, Moien Alternative Reference Rates
London Interbank Offered Rate (LIBOR) is the world’s most widely used benchmark for short-term interest rates. It is a reference rate for some $200 to $350 trillion in mortgages, consumer loans, derivatives and other financial instruments, which elevates it to the status of a gauge for the health of the banking system. As of the end-2021, it will cease to exist. This development is both a challenge and an opportunity for the financial industry.
Max Malonukhin, Senior Consultant, and Alexander Becker, Senior Consultant, at Avantage Reply Luxembourg • 20.11.2020
