Advanced Data Mining Technologies and AI Can Aid Firms’ Transition from LIBOR to Alternative Risk-Free Rates

As the financial markets prepare for potential disruptions from the phasing out of the London Interbank Offered Rate (LIBOR) and selection and implementation of alternative risk-free rates (RFR) by the end of 2021, financial institutions are seeking creative solutions to help manage the anticipated workload and transition risks.

In this article, Protiviti Managing Directors Douglas Wilbert and Todd Pleune explain how replacing the LIBOR rate affects an organization and describe the key implications the transition to RFR has on firms and the financial market.