COVID-19 and LIBOR Transition: Taking a Market-Led Approach

By Navin Rauniar

A featured article of our July 2020 edition of PRMIA's Intelligent Risk quarterly newsletter


The ongoing COVID-19 pandemic has caused severe market volatility globally. Despite this volatility, the US Federal Reserve, Bank of England (BoE), and the Financial Stability Board (FSB) have reiterated their stance on firms not relying on LIBOR post December 31, 2021. This article examines regulatory pronouncements  regarding  COVID-19  impacts  on  LIBOR  transition  plans  and  recommends  how  financial  institutions  must  continue  LIBOR  project  execution,  in  parallel  with  their  business-as-usual  activities.


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About the Intelligent Risk

Intelligent Risk is PRMIA's quarterly publication, bringing all PRMIA members free access to knowledge and information about risk management for financial institutions as well as current information on PRMIA chapters, committees, academic partners, news and events.

Individual articles from each edition are published under our members only Risk Library resources section. PRMIA is sharing select articles from the April 2020 edition with the public. Get more articles like this by joining PRMIA today.

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