Cookies on our website

We use cookies on our website. To learn more about cookies, how we use them on our site and how to change your cookie settings please view our cookie policy.

Read more Close
Skip Ribbon Commands
Skip to main content
Sign In

ICE Benchmark Association (IBA) Second Position Paper on the evolution of ICE LIBOR

​On 31 July 2015, IBA published its Second Position Paper setting out proposed changes to LIBOR.

Thekey aspects of the proposals relate to changes to methodology and the definition of LIBOR. It is not yet clear whether such changes would be simply an evolution of the existing rate or would result in the emergence of what is effectively a new rate and, consequently, the potential impact on existing bond contracts is currently uncertain. Allen & Overy is working closely with relevant trade associations, including the International Capital Market Association and the Loan Market Association, to respond to the Second Position Paper. The deadline for responses was 16 October 2015.

Key people

Addie Ugbenne
Addie Ugbenne
Senior PSL
United Kingdom
Telephone icon+44 20 3088 2138
Send email
View officeView profile


  • Add comment (optional)