One in 10 market participants are unaware of whether they have any open contracts that will be impacted by the potential discontinuation of LIBOR, according to a recent survey. It also shows that over 80% of firms have yet to begin the process of amending existing contracts. Respondents blame lack of standardisation in the treatment of fallbacks.
One in 10 market participants are unaware of whether they have any open contracts that will be impacted by the potential discontinuation of LIBOR, according to a recent survey. It also shows that more than 80% of firms have yet to begin the process of amending existing contracts. Respondents blame lack of standardisation in the treatment of fallbacks.