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By Martin FLAUNET, Partner, Jeremy PAGES, Senior Manager and Jules NDAMBU, Senior Manager, Deloitte Luxembourg
Interbank Offered Rates (IBORs), the reference rates that underpin hundreds of trillions of euros worth of financial contracts ranging from derivatives and bonds, to mortgages and student loans, are in the midst reform. And the clock is ticking. Where are you in your transition? Do you have a fallback plan?
A reform that is advancing at various speeds
Some jurisdictions more advanced than others
We are almost at the finish line of the IBOR reform, but different jurisdictions are progressing at different speeds. The UK, for instance, is making significant progress in its transition to a new...
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