Are we heading for LIBOR transition 2.0?
With EURIBOR-referencing loans a €1 trillion market, coupled with the lack of significant movement in adopting robust EURIBOR fallbacks in the loan market, it feels like we are in danger of heading towards a potential LIBOR transition 2.0 headache. Despite clear guidance given by the Working Group on Euro Risk-Free Rates (the Euro Working Group) […]
From LIBOR to risk-free rates: A footnote in history?
When future historians come to document the transition away from LIBOR to risk-free rates, the focus, excitement and column-inches will likely predominantly be focused on the scandal in the early days, precipitated by the global financial crisis, which revealed LIBOR’s inherent flaws. That, however, would be entirely missing the point of quite how momentous and […]