Libor Transition 2021: No Time to Die Off
By Alice Tchernookova
January 13, 2021, Practice Insight from IFLR
We are barely two weeks in to January, yet a new Covid-19 variant has already found its way across various countries and a third national lockdown has begun to apply in the UK. Several other countries are considering whether they should follow suit.
This may seem like a lot at this early stage of the year, yet, the financial authorities are not wasting any time either. In the same vein, the Bank of England’s (BOE) working group on sterling risk-free rates (RFR) has published an update to its priorities and roadmap for the final year of the Libor transition, aiming to help businesses plan the final steps they must take to cross the finish line in time.
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