LIBOR transition: Case studies for navigating conduct risks in back book transition

This Spotlight Review examines certain risks to market fairness and effectiveness that might arise when transitioning existing LIBOR-based contracts with maturities extending beyond end-2021 to alternative risk-free rates. In particular, the Spotlight Review considers certain complexities associated with proactive transition of back book contracts through a series of practical case studies and sets out a number of key considerations for banks and end users when looking at different transition options and good practice observations for managing the associated risks.

FMSB also issued a press release.

20 April 2021

Last updated 20 April 2021