Latest Breaking News On - Bank offered rates ibors - Page 1 : comparemela.com

Posted on 7413 A research report from SDL, part of RWS Holdings plc, highlights the immense pressure that major financial services organizations are under to ensure they are ready to transition away from the London Inter-bank Offered Rate (LIBOR) – which underpins approximately $400 trillion worth of contracts – by the end of 2021. The research, involving tier one financial organizations across APAC, EMEA and North America, explored how they are preparing to transition away from the LIBOR interest rate-setting mechanism to the Risk Free Rate regulatory framework. Research highlights: 54% have experienced disruption to their LIBOR transition due to the impact of Covid-19, placing them behind schedule or requiring assistance to meet the deadline.

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