Mar 6, 2018
The Financial Times covered a new LIBOR report from Oliver Wyman in a recent article titled “Replacing Libor Proves Harder in Practice After Scandal.”
The article discusses the challenges facing regulators as they try to move toward a replacement for LIBOR. The Oliver Wyman report found that more than $240 trillion financial products globally use this reference rate, ranging across wholesale and retail products, including corporate loans, floating rate notes, derivatives, mortgages, and other securities. The transition to alternative reference rates will be complex and difficult unless risks and challenges are managed proactively.
To read the entire, please click here.
To read the Oliver Wyman LIBOR report, please click here.