The impending transition from IBOR impacts many aspects of the buy - side ’s businesses to varying degrees . Contracts involving multiple counterparties present one of the bigger challenges , requiring difficult renegotiation , which , if not resolved , could result in contracts becoming unviable . It could also be that all banks proving financial products or currency hedges will adjust their services and even reduce their offerings, said Bahr. However , asset managers could benefit from the transition if they treat it as an opportunity to drive standardisation in contracts and contract management , according to SIX Group ’s Christian Johnson .
The impending transition from IBOR impacts many aspects of the buy - side ’s businesses to varying degrees . Contracts involving multiple counterparties present one of the bigger challenges , requiring difficult renegotiation , which , if not resolved , could result in contracts becoming unviable . However , asset managers could benefit from the transition if they treat it as an opportunity to drive standardisation in contracts and contract management , according to SIX Group ’s Christian Johnson .