LIBOR Transition Plans Disrupted at 54% of Global Financial Services Firms

A research report from SDL, part of RWS Holdings, highlighted the immense pressure that major financial services organizations are under to ensure they are ready to transition away from LIBOR — which underpins approximately $400 trillion worth of contracts — by the end of 2021.

March 12, 2021 Jon Hart | LIBOR | RWS Holdings | SDL Phil Neuffer

LIBOR Transition: A Priority Even During the COVID-19 Pandemic

The COVID-19 pandemic has brought the economy to a grinding halt, but the LIBOR transition timeline has not been affected. Colleen Hsia and Zaman Toleafoa of FTI Consulting explain how companies must use effective communication and other strategies to make sure they are still preparing adequately.

May 15, 2020 Colleen Hsia | COVID-19 | LIBOR | Zaman Toleafoa Phil Neuffer

What’s Next For LIBOR Transition in 2020?

The 2012 LIBOR scandal, in which a group of bankers manipulated the global interbank rate, rocked the financial world. LIBOR, long used to establish interest rates on commercial and consumer loans, is scheduled to sunset in 2021. The question “what will replace LIBOR?” has persisted. Oscar Stephens provides an overview of the current situation and offers a preview of SOFR, the top contender for LIBOR’s replacement. 

April 7, 2020 Greenberg Taurig | LIBOR | Oscar Stephens Kevin Finegan

FTI Consulting Launches LIBOR Transition Task Force

FTI Consulting has launched its LIBOR Transition Task Force to help clients successfully navigate the transition from LIBOR to alternative reference rates before the 2021 deadline.

December 12, 2019 FTI Consulting | LIBOR nadine

LIBOR at 50: The End is Near

International Banker reported that August 15, 1969, the opening day of Woodstock, was also the date that LIBOR was created. Now the global benchmark is approaching its final hour, but what will replace it?

August 19, 2019 LIBOR nadine

LIBOR’s End Looms but Lenders Still Search for Replacement

As the 2021 end of the LIBOR approaches, banks, accountants and regulatory bodies are still struggling to find a replacement standard that is immune to the same manipulation that brought about LIBOR’s demise, reports Bloomberg Tax.

March 25, 2019 Bloomberg Tax | LIBOR | SOFR Amanda Koprowski

LIBOR Won’t Back Down

LIBOR (London Interbank Offered Rate) is attempting to fend off a challenge to its title as the global benchmark for dollar-based assets from SOFR (Secured Overnight Funding Rate). ABF Journal illustrator Jerry Gonzalez shares his vision of the battle.

July 13, 2018 LIBOR | SOFR ABF Journal

Dump LIBOR, Say Fed, BoE Officials

Reuters reported both the U.S. Federal Reserve and Bank of England urged global financial markets to increase their efforts to replace LIBOR with alternative interest rate benchmarks.

May 24, 2018 Bank of England | Federal Reserve | LIBOR ABF Journal

Bloomberg: LIBOR Won’t Back Down

Bloomberg reported that LIBOR is attempting to fend off a challenge to its throne as the global benchmark for dollar-based assets from suddenly scrutinized SOFR.

May 7, 2018 LIBOR ABF Journal

Reuters: Companies Experimenting with LIBOR Alternatives

Reuters reported that with the end of the LIBOR benchmark approaching at the end of 2021, companies are experimenting with alternative language, often without consulting lenders.

October 20, 2017 LIBOR ABF Journal