Last year, we surveyed QuantMinds attendees about what's keeping them busy...
By the end of 2021, LIBOR will be phased out. The transition will have a huge impact on model risk teams, and already, many in the industry started to undergo the process.
Although the deadline is nearing, the IBOR reform is not at the forefront of quants' minds. Volatile market trends pose a more immediate threat. However, preparing for the IBOR cessation is a process that will undoubtedly occupy quants and banks' wider teams in 2021.