Addressing Section 7 of the LIBOR ARRC Checklist
LIBOR, or the London Interbank Offered Rate, referred to by many in the financial industry as “the world’s most important number,” will be phased out on December 31, 2021. It’s an event with major reverberations throughout the financial industry with close to $400 trillion in loans, securities and derivatives affected. Yet many institutions that will be affected are not preparing.
This white paper details the challenges ahead, and shows how the application of workflow, and document collaboration technologies coupled with artificial intelligence (AI), can help manage these challenges and facilitate LIBOR transition at scale.