Implications of Covid-19 on the IBOR Transition

With the Coronavirus pandemic unfolding and threatening banks’ financial health, countries, central banks, and other financial institutions worldwide are taking remedial actions to calm down the markets. In the following we would like to emphasize three aspects of the IBOR transition impacted by the Coronavirus crisis: (1) impact on deadlines, (2) rising banking risk premiums and (3) the behavior of...

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FTI Consulting Launches LIBOR Transition Task Force | FTI Consulting

Washington, D.C., Dec. 12, 2019 — FTI Consulting, Inc. (NYSE: FCN) today announced the formal launch of its LIBOR Transition Task Force[1], a multidisciplinary group that leverages expertise from across the firm to help clients successfully navigate the transition from LIBOR to alternative reference rates before the 2021 deadline. FTI Consulting works with clients, industry groups, law firms, and policy...

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How banks can improve their readiness for the IBOR transition

It’s not too late for banks to implement plans and collaborate with the industry to achieve a smooth and timely IBOR transition. The London interbank offered rate (LIBOR) is expected to be retired in 2021 and the Bank of England (BoE) has sounded a call for financial institutions to take the deadline seriously. Banks need to accelerate their implementation plans...

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