Derivs users yet to alter contracts for Libor's demise, says survey

Libor adobe stock 230x150 AS
By Costas Mourselas
10 Jan 2019

A large majority of derivatives users have not yet started to prepare contracts for the end of Libor, according to a survey published on Thursday.

The survey by risk management consultancy JCRA and law firm Travers Smith claimed that of more than 100 firms surveyed, 83% had not begun to make changes to their contracts. Only 2% had renegotiated the Libor-based contracts while 15% had begun the process and

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