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White Paper - The demise of LIBOR - What Next

LIBOR, or the London Inter Bank Offer Rate to give its full title, has long been considered the world’s most important number. It is a global benchmark, used across major currencies and markets to set the interest rates used by a whole range of financial products, from variable-rate mortgages to trillions of dollars of derivatives contracts.

But not for much longer.

For reasons summarised below, 2017 saw the UK’s Financial Conduct Authority (FCA) announce that as of 2021 panel banks would no longer be encouraged to submit the rates needed to calculate LIBOR. This set the clock ticking to find a suitable replacement; a process that is throwing up as many questions as answers.

This white paper provides a snapshot of what has been agreed to date and looks at where we are likely to go moving forward. It also considers how Calypso could help; where we are well-positioned in key areas to meet the new requirements – even though some still need to be finalised.

To read full article, please download the White Paper

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Calypso Technology, Inc. is a cloud-enabled provider of cross-asset front-to-back solutions and managed services for financial markets with over 35,000 users in 60+ countries. Its award-winning software improves reliability, adaptability, and scalability across several verticals, including capital markets, investment management, central banking, clearing, treasury, liquidity, and collateral.

Calypso is pioneering innovative technologies (native cloud technology, AI, Big data) that reimagine capital markets.


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