LIBOR Transition: Staying Ahead of The Curve
Interbank offered rates (IBORs) play a central role in financial markets. The Federal Reserve estimates approximately $200 trillion in assets are tied to USD LIBOR alone. They are embedded into all functions of the financial markets from valuation, to performance and risk management. However, since 2008, the growing scarcity of transactions in the unsecured market and the reluctance for banks to participate due to scandal have called into question LIBOR’s status as a global benchmark rate.
The transition from LIBOR will require a vast amount of work with unprecedented ramifications. The Gartland & Mellina Group stands ready to assist in all phases of this sweeping change.
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