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Moving with the change: planning and preparing a move toward alternative reference rates

Moving with the change

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London Interbank Offered Rate (LIBOR) has become highly uncertain since the Financial Conduct Authority announced that it would not compel or persuade panel banks to make LIBOR submissions after 2021. The size and scale of this market suggests that there would be significant confusion and market disruption should publication of the benchmark rate be discontinued; a flurry of activity has ensued around the selection of alternative reference rates and the development of a transition plan away from LIBOR.

KPMG’s new Point of View paper, Moving with the change, outlines relevant issues facing both financial services industry and market participants along with key actions that each group might take to facilitate an efficient and effective transition away from LIBOR and toward the new rates. To keep pace with the 2021 timeframe, industry participants and individual firms must immediately begin to embrace and plan for the change.

Download a copy of this paper.

If you have questions, please contact Mark Twerdok, Chris Long, or Christopher Dias.
 

<p>© 2018 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.</p> <p>KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.</p>

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