All you Need to Know About the LIBOR Transition
LIBOR is increasingly based on the expert judgment of panel banks due to the declining amount of unsecured, wholesale borrowings by banks since the financial crisis. For this reason, LIBOR is increasingly less of a robust, transaction-based market interest rate. The industry agrees that financial markets need a reliable and more robust alternative benchmark.
BNP Paribas, as a leading international bank, is an influential party in these discussions and workgroups and has the required expertise to assist you in that transition and pave the way for an effortless transition from LIBOR to new Risk Free Rates and has the required expertise to assist you as a Wealth Management and Private Banking client in that transition.