LIBOR Benchmark Reform: An Overview of LIBOR Changes and the Impact on Financial Services, Pricing, and Risk

Courtesy of Nicholas BurgessĀ  The financial crisis of 2008 fundamentally altered the interbank market and the way banks fund themselves. Banks and regulators alike recognised the risks inherent in unsecured borrowing and lending between banks. Consequently, the London Interbank Offered Rate (LIBOR) derived from the London interbank unsecured lending market, was revealed to suffer from […]