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?

LIBOR TRANSITION PREDICTIONS

6 Things to Know About LIBOR Transition Heading Into 2020

Blog post

Regulators and central banks spent much of 2019 rallying the financial world to make progress on transitioning out of the London Interbank Offered Rate (LIBOR). Letters to CEOs, transition guidelines, fallback language recommendations – did they work? We look back at developments in LIBOR in 2019 and highlight six things to keep in mind as preparations ramp up in 2020.