With only ten months left until the phase-out of the London
Interbank Offered Rate (
LIBOR ),
transition efforts should be well underway. In this bulletin, we
discuss the ICE Benchmark Administration (the
IBA ) and/or the Financial Conduct
Authority s (the
FCA ) expected
announcement about the official cessation of LIBOR, and highlight
the modified timelines for transitioning from LIBOR to an alternate
risk-free rate (
RFR ) recommended by
the relevant working groups.
1. Expected Announcement on LIBOR Cessation
On January 25, 2021, the administrator of LIBOR, the IBA,
concluded its consultation on the potential cessation of LIBOR
settings (the
IBA Consultation ).
1 The IBA intends to cease
India s NBFCs need to plan for an effective IBOR (Interbank Offered Rate ) transition, as majority of LIBOR (London Interbank Offered Rate) rates are likely to be phased out by the end of 2021, EY India report said.
India s NBFCs need to plan for an effective IBOR transition: EY India siliconindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siliconindia.com Daily Mail and Mail on Sunday newspapers.
New Delhi, Feb 22 : India's NBFCs need to plan for an effective IBOR (Interbank Offered Rate ) transition, as majority of LIBOR (London Interbank Offered
India s NBFCs need to plan for an effective IBOR transition: EY India prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.