Libor: why treasurers need to mind their fallback language
Overshadowed by Brexit but no less impactful, the end of Libor is a big bang for contracts worth trillions. ISDA’s Anne Battle says treasurers need to shore up contract fallbacks sooner rather than later.
Its scheduled termination maybe just over three years away, but the message is deafeningly loud and crystal clear – treasurers simply cannot afford to continue their reliance on Libor.
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