Why The Syndicated Loan Market is Slow to Leave LIBOR

The $12 Trillion Syndicated Struggle: Why The Syndicated Loan Market is Slow to Leave LIBOR

Blog post

It’s been slow going for the financial industry to transition away from the London Interbank Offered Rate (LIBOR), which regulators have said will be unavailable (or even invalid) after December 31, 2021. With less than two years before that deadline, the speed of progress has been inconsistent across debt asset classes. Case in point: the syndicated loan market. Why is this asset class, in particular, dragging its feet?