28 Feb, 2018

The Uncertain Future of LIBOR

By |2018-02-28T21:43:56+11:00Feb 28, 2018|Education|

The London Inter-Bank Offered Rate (LIBOR) is the average interbank borrowing interest rate used by the world’s leading banks (also known as the panel banks). It represents a primary benchmark for short-term interest rates globally and is used to value approximately $US350 trillion in derivatives and other financial products. Since 2013, the UK Financial Conduct Authority (FCA) has been the [...]