The financial world stands on the verge of a paradigm shift as it seeks to throw off the dominance of the London Interbank Offered Rate, or LIBOR, which has defined the lending market since at least the 1980s. As described in a recent blog post, LIBOR will soon disappear, and the entire market is on the move to find a new benchmark rate. The UK Financial Conduct … [Read more...] about What Is Next in Financial Markets’ Transition Away from LIBOR?
Mariana López Amoros
Mariana López Amoros trabaja como Especialista de Riesgos en el Banco Interamericano de Desarrollo (BID) donde dirige el proceso de gestión de riesgos y garantías de los derivados y es miembro del Programa de Transición de LIBOR para el BID. Mariana tiene un máster en Finanzas por la Universidad Torcuato di Tella y una licenciatura en Ciencias Actuariales por la Universidad de Buenos Aires. También tiene la certificación de Analista Financiero Colegiado (CFA).
LIBOR Has Been the Magic Number in Finance for A Long Time, until Now
The London Interbank Offered Rate (LIBOR) is the dominant interest rate benchmark and plays a central role in the daily dynamics of the financial markets. Financial institutions rely on LIBOR to represent their own funding cost and transfer it to the clients. It is used as a reference rate in more than $400 trillion of financial instruments, from retail, like credit … [Read more...] about LIBOR Has Been the Magic Number in Finance for A Long Time, until Now