Libor’s demise as a trusted benchmark presents a seismic challenge to the financial services industry. As time ticks down to its planned replacement in 2021 and alternative rates and new products emerge, market participants must determine the risks to their businesses and decide their transition strategies. Focusing on critical strategic and operational measures, a Risk.net survey commissioned by KPMG assessed firms’ readiness for transition and provides unique insight into the evolving strategies of banks and buy-side entities. The paper and survey results can be downloaded here.
