IBOR transition

Are you prepared?

LIBOR will cease as a benchmark by the end of 2021 and remediating IBOR based contracts presents the market with a significant challenge. Financial institutions need to understand their existing exposure and take action.

The transition from IBORs to alternate reference rates (ARRs) or risk free rates will have a considerable impact on the financial markets. Regulators are requiring regulated firms to understand the risks this poses to their business and remodel their systems to ensure that they are ready for the change.

With the changes being led by the market itself, many aspects of the transition are still uncertain. This resource hub has been designed to help you navigate the challenges the reforms present. It includes updates, useful guides, briefings and events on navigating the transition from LIBOR around the world.

Regulation Tomorrow: IBOR transition

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Energy Academy & Projects Academy: What’s on the horizon in 2021

Designed to help our clients embrace both the challenges and opportunities ahead, we share our global knowledge and experience through a series of industry and sector focused, legal training sessions.

Webinar | March 09, 2021

Banks

IBOR transition in the project finance market

LIBOR is commonly used in project finance transactions as the basis for the calculation of a floating interest rate for sterling and US dollar loans.

Webinar | March 09, 2021

IBOR and benchmark reform

Transition from LIBOR to risk-free rates: What does it mean for aviation finance?

2020 has been a tumultuous year for the aviation industry. With the impact of the COVID-19 pandemic destroying passenger numbers and revenues, it is unlikely that preparations for the cessation of LIBOR have been a priority.

Publication | December 16, 2020

Aviation

IBOR Transition Update: September and October 2020

With only a year left on the clock before the retirement of LIBOR rates, the Bank of England estimates over $400 trillion of financial contracts worldwide still reference them.

Publication | November 05, 2020

Financial institutions

Financial crime

Video | November 04, 2020

Risk consulting

IBOR transition for the Insurance industry

On July 27, 2017, the UK Financial Conduct Authority (FCA) announced that it would no longer compel or persuade banks to make submissions to LIBOR as from the end of 2021.

Publication | October 14, 2020

Banking and finance

Asia insights: How will LIBOR transition affect financial institutions in Asia?

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LIBOR transition checklist

Managing LIBOR transition will start with a full impact assessment covering all areas of your business that are exposed to IBOR. We have identified a checklist of key issues to consider when developing your IBOR transition strategy.