Workshop "The end of LIBOR"
In 2018, more than $ 400 trillion of financial products were directly linked to IBORs index (Libor, its cousin Euribor, etc), and certainly your own mortgage credit if you have one.
In 2020 they will disappear and be replaced by a new benchmark, more beautiful, more reliable: Saron will replace Libor in swiss francs and Euribor, the revised Sonia will replace Libor in GBP.
Cedric, Carl-André and Olivia, consultants from the Financial Services Practice, decoded the topic for their colleagues and explained:
– Reference rates, how does it work, what is it for?
– The Libor-Gate scandal
– The new benchmark and its concrete impacts.