Project Description
Since its first official publication in 1986 the BBA LIBOR fixing and other related IBORs have helped contribute to the exponential growth of the derivatives market. Alongside cash-based products that also reference IBORs, the total outstanding is estimated to run in hundreds of trillions of dollars. IBORs are therefore pervasive in financial markets and their replacement with new regulatory approved reference rates is a monumental undertaking.
In this second whitepaper on the IBOR Reform, Solum Financial aims to provide the reader with a review of the current state of the IBOR transition, highlighting a number of the major obstacles that the market is grappling with and debating some of the potential solutions for a successful transition.
