Banks Brace for ‘World’s Largest Corporate Action’ as Libor Switch Looms

The transition away from Libor is a mammoth task for the banking sector—one that the industry is increasingly finding itself woefully unprepared for. By Hamad Ali


Beset by scandal, reputationally bankrupt and now increasingly under pressure, Libor is nonetheless still the key reference rate used in nearly all major financial instruments globally. As regulators have mandated a shift away from the benchmark by 2021, however, the industry is beginning to realize the scale of the challenge before it.

Part of the problem is that replacing Libor, an averaged interbank offered rate (IBOR) governed by submissions from panel banks, with an overnight rate

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here