The cessation of the London Inter-bank Offered Rate (LIBOR) at the end of 2021 has long been an issue vexing the global financial services industry given the scale and geographic spread of exposures to the affected benchmarks across the currencies and terms in which it is published.
The LIBOR Transition Status Update: October 2020 provides a comprehensive update on what is happening, including the current status in key markets, the impact of Covid-19, proposed legislative interventions on legacy contracts, litigation and regulatory risks, as well as potential next steps for financial services companies.
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