Libor Switch

Transitioning from IBOR to new reference rates

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 IBOR

The End of IBOR – The Asia Take

Open Article

SOFR Gains Acceptance as LIBOR Alternative

Open Article


Our Front office Team

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