Transitioning Away from LIBOR - What Corporates Need to Know
The London Inter-Bank Offered Rate (LIBOR) – the most widely used interest rate benchmark in the world to date – will be discontinued as early as 2021 for major currencies such as the British Pound and the US Dollar.
At a webinar on 9 June, Jenny Huang and Jasmine Lee, both Partners at EY, detailed the major implications of these changes in relation to areas including contract management, interest rates and accounting practices. They also shared tips on how corporates can prepare for the impending changes in light of the global movement towards alternative reference rates.
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