Some even still believe the controversial benchmark isn't going anywhere fast Get Free Access Already registered? Market ##ers have yet to make progress adopting RFRs , not even referencing them as fallbacks in practice . Some legacy bond documentation includes loose ##ning to an undetermined point when LIBOR may not be available , but only with temporary , not permanent cessation of the reference rate . Banks and investors say there is still too much uncertainty , with some of the opinion that it is n’t going anywhere fast .
Market ##ers have yet to make progress adopting RFRs , not even referencing them as fallbacks in practice . Some legacy bond documentation includes loose ##ning to an undetermined point when LIBOR may not be available , but only with temporary , not permanent cessation of the reference rate . Banks and investors say there is still too much uncertainty , with some of the opinion that it is n’t going anywhere fast .