Benchmark reform: the way into a new interest world

Since the aftermath of the GFC and the revelation of LIBOR manipulations, regulators are undertaking a fundamental review of the most important benchmarks and develop reform plans accordingly. In this article, written in collaboration with the German Savings Bank Association (DSGV), we shed light on the status quo and ongoing developments of EURIBOR and LIBOR as well as the upcoming transition from EONIA to ESTER. The bottom line: there is a need of action now to cope with the major challenges coming along with the benchmark reform.