How FinTech Could Reboot Libor
Part One of this two part E-alert looked at the challenges facing London Inter-Bank Offered Rate (LIBOR) LIBOR and how the syndicated loan market is dealing with the potential non-availability of these rates. Part two considers if blockchain technology and a ‘LIBOR currency’ could boost submission incentives and make process more secure.
Most discussions surrounding LIBOR involve ways to replace it using a similar polling mechanism. However, utilising recent advancements in the field of financial technology, including blockchain technology, might offer innovative ways to improve or replace the benchmark.
Read the full article here.