KBC steps forward with internal Libor transition

AdobeStock_Libor_Button_575x375_Oct2020
By Mike Turner
15 Jan 2021

KBC Bank has hired fintech firm Finastra to help in the transition away from Libor, as the shift from the scandal-hit benchmark intensifies before it falls out of use at the end of the year.

KBC will use Finastra’s technology to calculate alternative reference rates before the transition period, as well as technology that will manage the new rates internally.

“The transition away from Libor is daunting for most banks,” said Melinda Christens, business programme manager for Libor transition at KBC. “But with the ...

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