Benchmark Replacement Rates Update: Q1-2019

The December 31, 2021, deadline for replacing the various interbank offered rates (IBORS) may appear to be a long way off, but it keeps getting closer. During the first quarter of 2019, there was some global progress on the replacement of the reference rates and a few developments to report, but the net result: We’re getting there, but nowhere near fast enough. TABB Group head of fixed income George Bollenbacher provides an update.