In-house counsel: start Libor transition sooner rather than later

Author: John Crabb | Published: 19 Nov 2018

As the deadline for phasing out the London Inter-bank Offered Rate (Libor) nears, the entire market must immediately take steps to ensure a smooth transition away from the expiring rate to avoid unnecessary and harmful confusion.

Three years before the rate is due to expire, most firms find themselves at different stages of their elected path, with some further along the route than others. Regardless of progress, the consensus amongst industry forerunners at Life After LIBOR: The Transition to Alternative Reference Rates breakout session at Sifma’s annual conference earlier this month was that every business affected by the transition in any way should by now at least be in the early stages of its transition plan, and if not strongly considering starting as soon as possible.

KEY TAKEAWAYS 

As the deadline for phasing out Libor nears, the market must immediately take steps to ensure a smooth transition away...


 

 

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