20 years: Interest rate benchmarks
In the first video of his series, John introduces the IBOR transition process. He begins by explaining how LIBOR emerged, became one of the major focal points for regulators and central banks and was entrenched in all markets for all financial market participants. John briefly explores the two unavoidable issues with LIBOR that have surfaced in the last few years.
In the first video of his series, John introduces the IBOR transition process. He begins by explaining how LIBOR emerged, became one of the major focal points for regulators and central banks and was entrenched in all markets for all financial market participants. John briefly explores the two unavoidable issues with LIBOR that have surfaced in the last few years.
9 mins 11 secs
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
Understand the two major problems with LIBOR
Understand RFRs and the differences between the RFRs