Benchmark rates, including in SA. get reformed & renamed
It all started with Libor, then came Jibar, but don’t count out ZARibor, Zaronia and ZASFR
09 August 2020 - 07:41
A couple of years ago, on Creative Concern’s website, Klaus Schwab stated that “the trends that are shaping the 21st century embody both promise and peril”. Today, most focus seems to be on the peril, and daily academic research headlines confirm this.
On the promise side there have been positive strides globally to reform reference interest rates that represent benchmarks...
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