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The parent company of the New York Stock Exchange won a contract on Tuesday to administer and improve the benchmark interest rate known as Libor, long run by the British Bankers Associationn.
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However, combining the benchmarking process with a thorough and detailed process of indicator development could further improve the benchmarking, but will prove to be complex and demanding.
"The loan prime rate is aimed at further promoting market-oriented interest rates, improving the benchmark rate systems and guiding the pricing of credit market products," the central bank said in the statement.
We also present some lessons derived from the feedback gained from consumers and other stakeholders, and point out future directions for improving the benchmarks and their utilization.
In order to further improve the nationwide benchmark at this point, the questions and answering scale need to be refined to enhance the discriminative power for the high end of patient satisfaction, since both response scales showed a strong ceiling effect.
To improve the future benchmarking studies, it would be beneficial to add a specific category for known non-interacting mutant pairs, similar to that available for physically non-interacting protein pairs [ 48].
The European Banking Authority and European Securities and Markets Authority are pushing to improve the accuracy of the benchmark rate and increase oversight of how banks submit rates to Euribor, which underpins trillions of dollars of global financial products.
Modifications of the current definition of a surgical complication, and improved consensus about specific clinical situations and training of surgeons might improve the quality of benchmarking.
Involving larger series could be useful to further improve the validity of the benchmarking process.
Minimising these errors could improve the reliability of the benchmarking results; for example, by capturing the full-time equivalent number of the workforce as input resources instead of using the absolute head count, and by developing a robust case-mix system.
For each of them, suggestion regarding workpiece design and process design are made in order to improve the final result of the benchmarking.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com