Companies are facing legal and operational
challenges when it comes to the global move away from interbank
The transition away from interbank offered rates (Ibors)
– interest rate indices used to calculate floating
rates on trillions of dollars in mortgages, bonds, loans,
derivative and other financial agreements – to
alternative reference rates (ARRs) will have an immense impact
on industries across the globe, not just financial services.
The treasury departments of consumer and industrial companies
– as well as almost any firm that accesses the
financial markets either directly or indirectly - must deal
with the change....