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In these uncertain times, we take a look at the potential implications of COVID-19 on the LIBOR transition, currently scheduled for the end of 2021.
The anticipated impact of COVID-19 on the LIBOR transition can be divided into two parts. There is the immediate and operational effects that the virus will have on banks’ transition timeline, and there is the longer-term structuring implications that this period of uncertainty will create. There is also the question as to whether 2021 will remain the deadline for the transition.
Continue Reading COVID-19: impact on the LIBOR market and 2021 transition