LIBOR, the benchmark interest rate hardwired into global lending markets, will be phased out by the end of 2021. The regulators have spoken. The Federal Reserve and Bank of England have indicated that banks need to start preparing for the change now.
The transition to multiple new risk-free rates could be highly disruptive. But with good preparation, it need not be.
With expert consulting advice plus upgrades to Fusion Loan IQ, the world’s leading syndicated lending solution for servicing commercial loans, Finastra is helping banks to make a smooth transition to life after LIBOR.
Discover the LIBOR podcast and blog series where our lending experts discuss the latest developments related to LIBOR, from readiness to how to communicate with your customers to ensure a successful transition.
Podcast - Episode 1
Christopher Papathanassi and Robert Downs explore the importance of preparation for LIBOR.
Christopher Papathanassi explores the background of LIBOR, how did we get here and what is to come?
Podcast - Episode 2
David Hobbs and Robert Downs discuss the challenges of LIBOR and how to overcome them.
David Hobbs looks into the challenges of LIBOR. How will you overcome the biggest transformation ever to hit the lending landscape?
Podcast - Episode 3
It’s clear that there will no longer be a global benchmark rate after LIBOR. Christopher Papathanassi and Robert Downs discuss how things will differ across the globe.
Robert Downs looks into the future of lending after LIBOR.
Podcast - Episode 4
Christopher Papathanassi and Antonio Vázquez de Parga discuss how you can use the end of LIBOR to gain a competitive advantage.
Antonio Vázquez de Parga looks at how to manage the transition correctly to benefit your organization.
Podcast - Episode 5
David Hobbs and Robert Downs explore the customer impact of LIBOR and how you can manage the transition for the benefit of your customers.
David Hobbs explores the end of LIBOR and how to manage it successfully.