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

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 ...

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