Not only has the London Interbank Offered Rate (Libor) endured a number of scandals throughout the years, but the fundamental structure of the market from which it was derived has drastically changed. Replacing Libor, deemed the “world’s most important number,” with a risk-free rates (RFR) based on actual trade data is imminent, but currently, no viable alternative is available that mirrors Libor’s curve and term structure.
The transaction data necessary to prevent rigging the numbers and
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.Subscribe to Weekly Wrap emails
- The Problem Solver: Paul Bari, Nordea
- JP Morgan's FX Algo Tool Launches on Bloomberg Terminal
- Refinitiv Consolidates Data Insights on China's Belt and Road Initiative
- Wavelength Podcast Episode 153: Nasdaq's Lars Ottersgård
- CAT’s Tale: How Thesys, the SROs and the SEC Mishandled the Consolidated Audit Trail