Authors: Deepak Sitlani, Rhian Roberts, Benedict James, Jeremy Stokeld, Ben Pykett, Elaine Keats, Richard Levy, Carson Welsh, Catherine Wade

UK - LIBOR Transition: An update for Corporates

There has been significant focus over the last twelve months on transition away from LIBOR. While some other regulatory timelines have recently been relaxed as a result of COVID-19, the FCA has reiterated that firms should not rely on LIBOR being published after the end of 2021. While there is a lot of focus on the efforts that sell side institutions have been making over the last 18 months, this note sets out some of the key issues for corporates to consider in the context of LIBOR transition