How fintech could reboot Libor
Polsinelli’s Rutenberg says blockchain technology and ‘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.
Financial technology may be able to solve the three main problems of Libor as it now exists: manipulability, opacity, and a lack of incentives for data providers. Currently, no such solution has been proposed, but it is worth
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