Regulators are pushing hard for adoption of it , but start - up is slow . Banks and investors continue to use LIBOR , partly to delay dealing with the mis - match between assets and liabilities that will result from a shift of benchmarks . - Sean Taor, RBC A lack of clarity over exactly what happens to instruments that reference LIBOR once it ceases to exit and who will pick up the bill is also hampering the transition . While some issuers may consider the cost of consent solicitation justifiable , others are likely to resort to buying back instruments , according to RBC ’s Sean Murphy . Those that do nothing run the biggest risk .
Regulators are pushing hard for adoption of it , but start - up is slow . Banks and investors continue to use LIBOR , partly to delay dealing with the mis - match between assets and liabilities that will result from a shift of benchmarks . A lack of clarity over exactly what happens to instruments that reference LIBOR once it ceases to exit and who will pick up the bill is also hampering the transition . While some issuers may consider the cost of consent solicitation justifiable , others are likely to resort to buying back instruments , according to RBC ’s Sean Murphy . Those that do nothing run the biggest risk .