BCS Consulting: LIBOR – Stepping up the rate of change

by BCS Consulting

For more than 40 years the financial services industry has relied upon interbank offered rates (IBORs) as a reference rate for certain variable-rate financial instruments. This includes the London interbank offered rate (LIBOR), which is calculated based on daily submissions from selected panel banks, and provides a measure of the average rate at which banks are willing to borrow wholesale unsecured funds.

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View the article on the BCS Consulting website.