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