SMU Vice President (Business Development & External Relations) Associate Professor of Finance Annie Koh was among analysts who provided views on discussions by Singapore's central bank to discontinue the Singapore Interbank Offered Rate (SIBOR), and opt in favour of the London Interbank Offered Rate (LIBOR). The SIBOR is used as a basis for the pricing of all loans in Singapore, ranging from business loans to mortgages. Associate Professor Koh said that Singapore would be moving backwards if we are to look to London for benchmarking and that an Asian benchmark is required. Instead of scraping the SIBOR, she said that an independent platform where banks place and disclose their contributed rates could improve transparency and that more banks could be involved in the process compared to the twelve required currently.