Libor transition deadline ‘challenging’ but unlikely to be extended, says senior lawyer

Libor_Fotolia_230x150
By Burhan Khadbai
12 May 2020

The coronavirus crisis has severely disrupted the move away from Libor to the new recommended risk-free rates. But market participants will have to press on to meet the original deadline, with no extension on the horizon, according to a senior capital markets lawyer.

“We haven’t seen any suggestion that it is going to be extended,” said Catherine Wade, capital markets counsel at Linklaters. “But that’s not really a surprise as the deadline has been signposted for some time.”

“The deadline was already challenging for the market with the agreement that ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.