ISC: LIBOR – How to approach the Rate of Change

Since the rigging scandal in 2008 the London Inter-bank Offered Rate (LIBOR) has been the target of criticism from the press, regulators and financial sector alike. The criticism centres around the apparent ease in corrupting the benchmark and the lack of underlying transactions supporting the published rates.

In 2017 the FCA announced that they will no longer compel banks to submit LIBOR estimates by the end of 2021. The FCA has stated that they wish investment managers to treat the transition from LIBOR as a regulatory imperative, and the supervisory arm of the FCA will be taking measures to ensure that appropriate plans are in place for the cessation of LIBOR.

ISC can help you with our experience which enables us to articulate journeys from current to best-practice future states. We understand the full life-cycle of each investment transaction made by our clients.

We understand how people, processes and technology interact and frame our projects in these terms.  Talk to us on how best to prepare for the next phase in LIBOR's lifecycle.

Contact us to see how we can help you