The global transition from interbank offered rates to new risk-free rates is a gargantuan task for every asset class out there. From dealing with legacy issues to wrestling with inconsistencies in fallbacks between different products, the scale of the task must not be underestimated.
While it's still arguably early days, the time to start work on the transition is now.
IFLR's latest webinar 'Libor transition for derivatives: a global approach', in collaboration with Hogan Lovells, updates viewers on the status of the transition process as it is playing out globally, particularly focusing on US, English, Asian and EU markets.
Hogan Lovells partners James Doyle and Evan Koster provide an overview of the results of various market consultations, investigate how documentation is being affected so far, and explore harmonisation issues specific to derivatives.
For more coverage on the Libor transition see below from IFLR's sister publication, Practice Insight: