Paving the way for IBOR transition: Towards benchmark reform

InterBank Offered Rates (IBORs) are used to determine the unsecured short-term funding cost in the interbank market for a combination of currencies, tenors and maturities. Behind the scenes they are used as an index for almost all financial instruments. However, mounting regulatory pressure in the wake of the 2008 financial crisis, the LIBOR scandal, UK Government and Financial Stability Board reviews means we are now on a path towards a reform of the basis of interest rate benchmarks and, ultimately, the loss of IBOR.

So what are the potential implications for the financial services industry and how can firms plan for this transition?

Our latest briefing outlines the path towards IBOR transition, with commentary from our experts.

Please download our "Paving the way for IBOR transition" brochure below

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LIBOR reform: the clock is ticking

13 November 2018 Would the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) start to worry about the ability of their supervised banks and insurers to transition from to sacred London InterBank Offered Rate (LIBOR) to the Sterling Overnight Index Average (SONIA)?

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