ICE Benchmark Administration (IBA), the firm that is now responsible for overseeing the setting of the LIBOR financial benchmark, is proposing further reforms to its calculation methodology, the firm ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The move enables banks, corporates and borrowers to calculate ARR in ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The calculator service works independently of Fusion Loan IQ, Finastra’s ...

LIBOR set interest rates for trillions of dollars in loans for over 30 years. Banks manipulated the rate because it relied on estimates rather than real transactions. A new system called SOFR replaced ...

The London Interbank Offer Rate, commonly known as Libor, has been called "the world's most important number." It is the basis for calculating interest rates on everything from mortgages to student ...