The phasing out of LIBOR

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Read time : 8 mins        Added:  28/10/2020

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

Since then, the Bank of England and the FCA have reinforced the message that market participants should not rely on LIBOR's continuation beyond 2021 and must take action now to remove dependence on LIBOR before then.

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?

Live Broadcast Replay - Oct 2020: How prepared are you for IBOR transition?

With the anticipated cessation of LIBOR only just over a year away, our speakers share insights into their experiences and address some of the challenges that businesses are facing into.

Live Broadcast Replay – Jul 2020: How prepared are you in the current crisis?

With the Association of Corporate Treasurers, we discussed the developments in the market and what lending products are available to support the IBOR transition.

Latest Newsletter

The January edition of the IBOR Transition Newsletter covers latest developments and has a closer look  at open consultations.

FAQs

Some FAQs to support clients during LIBOR Transition. 

Reference Materials

Links to information and publications from official sector working groups and market bodies.

Useful links

IBOR Transition Newsletter - Nov 2020: Latest developments and a closer look at the ISDA fallbacks supplement and protocol.

IBOR Transition Newsletter - Oct 2020: Latest developments and a closer look at transitioning loans with interest rate floors

IBOR Transition Newsletter - Sep 2020: Latest developments and a closer look at the transition timeline

Sterling Overnight Index Average (SONIA) Benchmark Factsheet

LIBOR: the countdown to 2021 (May 2020): Gives insight into the background on LIBOR transition 

Client Notice: LIBOR and other affected benchmark rates

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