Majority of companies haven’t started Libor transition prep

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By Mike Turner
06 Oct 2020

Almost two thirds of companies are still unprepared for the transition away from Libor, as lenders in London say they are in “intensive” discussions with clients about the switch to risk free rates.

A survey by financial consultancy Duff & Phelps found that 65% of respondents had not completed planning for the transition away from the scandal hit benchmark, which is due to stop being used by the end of next year.

While 45% of respondents said they had at least begun ...

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