The operational risks inherent in LIBOR transition
Even if you’ve never worked in the financial services industry, it’s likely you will have at least heard of LIBOR (London
Interbank Offered Rate) and probably for all the wrong reasons. The term has become synonymous with corrupt bankers,
market manipulation and record-breaking financial penalties. As a result, by the end of 2021, what was once dubbed the
“world’s most important number” will be phased out altogether. In this report, Carrie Cook takes a look at the operational risks associated with the LIBOR transition process and how firms should be preparing.