EY IBOR transition leaders Shankar Mukherjee, Simon Woods, Patricia Tay, Janina Polo and Anthony Kirby discuss the impacts and opportunities arising from the IBOR transition.
Benchmark reform is high on the agenda for financial institutions, and the upcoming transition from Interbank Offered Rates (IBORs) to Alternative Reference Rates (ARRs) tops the list.
There’s a growing sense of urgency among financial services firms to act after the recent announcement by the UK’s Financial Conduct Authority (FCA) that companies need to end their reliance on the London Interbank Offered Rate (LIBOR) by end of 2021.
EY IBOR transition leaders Shankar Mukherjee, Simon Woods and Anthony Kirby discuss the impacts and opportunities arising from the IBOR transition.
The next steps for IBOR transition
In this video, Shankar looks at the next steps that banks must take as part of the IBOR transition. He begins by looking at the likely scenarios post-transition and the implications of each.
Shankar also explores the possibility of intermediate benchmarks that could be used as part of the transition process and the timings of transition by different segments of the market.