LIBOR – the London Interbank Offered Rate - emerged from obscurity to become one of the main focal points for regulators and central banks and was entrenched in all markets for all financial market participants which include global banks, asset owners, retail customers or anyone else with any exposure to financial products.
Key learning objectives:
Understand the background and emergence of LIBOR
What are the two major problems with LIBOR?
What are RFRs and the differences between the RFRs?