Global regulatory developments in the London Interbank Offered Rate
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16 October 2020
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Key interbank offered rates (IBORs) are undergoing a period of change as regulators have recommended that firms consider adoption of alternative, overnight and generally risk-free rates.
In this paper, which Allen & Overy LLP prepared and presented at the FIA Virtual Law & Compliance Conference 2020, we outline key regulatory developments affecting IBORs, regulatory relief related to IBOR transition, and legislative solutions for tough legacy contracts.