IBORuudistusten

IBORuudistusten, also known as Interbank Offered Rate (IBOR) adjustments, refer to the modifications made to the calculation and use of IBORs in financial markets. IBORs are rates at which major global banks lend to one another in the international interbank market for short-term loans. They are used as benchmarks for various financial instruments, including interest rate derivatives, loans, and mortgages.

The need for IBORuudistusten arose due to concerns about the reliability and transparency of certain IBORs, particularly the London Interbank Offered Rate (LIBOR). Issues such as the potential for manipulation, the lack of transparency in the calculation process, and the potential for conflicts of interest led to calls for reform.

In response, financial regulators and industry bodies have implemented various measures to address these concerns. These include the introduction of risk-free rates as alternatives to IBORs, the establishment of new benchmarks, and the implementation of stricter regulatory oversight. The Bank for International Settlements (BIS) has also played a significant role in promoting the development and adoption of new benchmarks.

IBORuudistusten have had a significant impact on the financial industry, leading to changes in the way interest rates are benchmarked and the way financial instruments are priced. The transition to new benchmarks has been a complex process, involving significant costs and disruptions for financial institutions. However, it is seen as a necessary step towards ensuring the integrity and reliability of the financial system.