Tuesday, 29 August 2017
By Shushanik Papanyan
Financial institutions and traders can face operational risks if the switch to an alternative benchmark is delayed.
A paced transition plan will be introduced for U.S. institutions. The Fed will likely ensure that institutions follow the plan and switch from Libor.
What are the potential risks and benefits of cloud computing for banks? Before making the switch, banks must weigh challenges against future cost and time savings.
Fintech platforms have risen in popularity among Millennials for their low fees, user-friendly interfaces, low or no minimum balances, and online DIY tools.