Banking Risk & Regulation Podcast - How ready are corporates for the end of Libor after 2021?

How ready are corporates for the end of Libor after 2021?

10/28/20 • 22 min

The move from the London interbank offered rate compelled by regulators due to manipulation scandals towards alternative risk free interest benchmarks has been protracted and painful for those involved.

Undoubtedly, much progress has been made with many sectors of the financial industry such as derivatives seemingly well prepared. But moving away from the financial sector towards corporates, preparations and transition arrangements have been slower and patchy, which has raised concern among central banks such as the US Federal Reserve Board and the Bank of England.

This podcast explores the issues corporates have been having with transitioning to alternative interest rate benchmarks, how they’re coping with repapering contracts, the various legacy issues and the construction of the replacement risk free rates and their impact on pricing corporate loans.

Tackling these topics are Subadra Rajappa, head of US rates strategy at Société Générale and Sarah Boyce, Associate Director, Policy and Technical at the Association of Corporate Treasurers.

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