WHAT IS AT STAKE?

Transitioning from IBOR to new reference rates

  • An index at the core of interbank fundings, market strategies – a US$ 370 trillion exposure
  • A series of new secured and unsecured rates, in both liquid and less liquid currencies
  • A matter for all market participants, from Banks, Insurance and Re-insurance to Pension Funds, Asset Managers and Treasury desks from Supranational Agencies and Corporates
  • A major change for Front Office, but also Legal, Operations, Risk, IT and Compliance
  • Challenges ahead with the different speeds of readiness from counterparts, vendors, custodians
  • While ISDA is preparing for fallbacks options, a need for:
    • A detailed impact study to assess the P&L, Balance Sheet and regulatory metrics at risk
    • A clear roadmap for the working group, with options depending on the market scenarios over time

Articles on the end of LIBOR

The End of IBOR – The Asia Take

SOFR Gains Acceptance as LIBOR Alternative

Infographic

Our Front Office Team

S. Eyraud

Partner & CEO - Europe

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M. Sachot

Director - Asia

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O. Garcia

Partner - Europe

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A. Beyot

Director - Europe

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Contact us: libor@chappuishalder.com