Benchmark Replacement Rates Update: Q2-2019

As time marches by and we get ever closer to Dec. 31, 2021, we see an increasing awareness of and concern about the fate of the various interbank offered rates (IBORs) worldwide. While that attention is welcome, in some cases it appears to miss a critical factor or two, and in others it simply emphasizes the mammoth job in front of everyone. This TABB Group market note covers recent developments in the global effort to replace the IBORs and highlights some of the large tasks still remaining.