Description
This training manual is also available as part of a Compliance Management System and a PREMIUM Compliance Management System (w/ Webinar Recording)
LIBOR is currently the most widely used global interest rate benchmark, and it is deeply embedded in global financial products.
Recently, the long-term viability of LIBOR has been undermined due to cases of rate manipulation, low volumes for underlying interbank transactions and the reluctance of panel banks to submit quotes used to calculate LIBOR. The Financial Conduct Authority has warned that Publication of LIBOR is not guaranteed beyond 2021.
This manual provides background and a road to transitioning away from LIBOR.
