Countdown to 2021: what you need to know about the phasing out of LIBOR

 

In July 2017, the Financial Conduct Authority signalled the potential discontinuation of LIBOR beyond 2021. This kick-started significant activity around the globe to consider the implications and prepare for transition to alternative benchmarks.

One year later, Andrew Bailey, CEO of the FCA, has further reinforced the message that market participants should not rely on LIBOR’s continuation beyond 2021, and are strongly encouraged to make plans for transition.

But what does a transition from LIBOR to an alternative benchmark mean for those using the trillions of dollars of financial products and contracts around the globe which reference LIBOR?

Albert Shamash, Managing Director, Business Development & Innovation, Financial Institutions, and Steve Bullock, Head of Benchmark Submission and Supervision, Group Corporate Treasury, analyse in our report.

LIBOR: the countdown to 2021

Helping business understand and prepare for the phasing out of LIBOR beyond 2021

LIBOR: The Countdown to 2021

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