Libor: Is There a Right Time to Pull the Switch?
Libor: Is There a Right Time to Pull the Switch?
Tuesday, 29 August 2017
By Shushanik Papanyan
Financial institutions and traders can face operational risks if the switch to an alternative benchmark is delayed.
A paced transition plan will be introduced for U.S. institutions. The Fed will likely ensure that institutions follow the plan and switch from Libor.