Libor is a critical component of the global financial markets, and the demise of such a
fundamental credit decision component is unprecedented. We’ll detail the reasons that the challenges related to the end of Libor are complicated and defy easy solutions.
The Libor case is an ideal template for examining how an effective solution is best achieved by utilizing a comprehensive approach that includes robust change management practices, technology solutions, business process remediation and exceptional design. We’ll explain this and common pitfalls to avoid.
Technology such as ML doesn’t serve a purpose if it isn’t utilized in ways that make meaningful contributions to the objectives of the enterprise. With this in mind, it‘s important to be crystal clear about the desired outcomes, whether that be lower costs, faster results, lower risks, etc., to measure success.
