„Interest Rate Benchmark Reform"
The Most Ambitious Change Programme in Modern Financial History
Sometime after the end of 2021, LIBOR benchmark interest rates will cease to be published. The end of LIBOR will affect some €400 trillion of derivatives, loans and securities, principally denominated in US dollars and sterling. LIBOR will be replaced by new or strengthened overnight risk-free rates (RFRs) or benchmarks constructed from RFR swap rates. The Eurozone is taking a different course – a reformed EURIBOR will continue alongside a new overnight benchmark (the Euro Short Term Rate or €STR).
In his lecture, Mr. Patrick Carey explains why this is happening, why the Eurozone is pursuing a different course, the progress made to date and the very significant risks, uncertainties and challenges that remain.
We look forward to welcoming you to this event.
Please register - www.fhwn.ac.at/olfinance