12 April 2021
As is well known, LIBOR will cease to be published on 31 December 2021 (for all currencies and tenors other than the most commonly used USD settings) and 30 June 2023 (for those remaining USD settings).
Financial institutions must also work towards earlier LIBOR transition deadlines set for them by their regulators and supervisors and the risk-free reference rate working groups for the LIBOR jurisdictions.
This client alert sets forth a timeline of upcoming deadlines for LIBOR transition.
For further information, please contact:
Teresa Ientile, Partner, Baker & McKenzie
Teresa.ientile@bakermckenzie.com
