Loans' Libor problems rumble on
The syndicated loan market’s shift from Libor to risk-free rates has come under further scrutiny. Law firm Dentons released a report on Wednesday that highlights significant parts of the changeover that remain unresolved.
Days after loan market participants warned that the transition from Libor will hit some emerging markets — particularly in Africa — like a “juggernaut”, Dentons has highlighted the lack of consensus in the market over important parts of the shift.“There is no loan market consensus or LMA recommendation,” ...
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