IBOR Transition Toolkit
To assist the financial services industry in navigating the ongoing transition away from IBOR rates (most notably LIBOR), RMA has created a number of resources addressing the major challenges that have been identified by the industry.
It is expected that at year-end 2021, the London Interbank Offered Rate (LIBOR) will cease to function as the benchmark reference rate for an estimated $200 trillion in U.S. dollar exposures and $370 trillion globally. It is difficult to overstate the influence of LIBOR, as it impacts every corner of the financial system—from sophisticated securities trades to consumer loans that fund the purchase of homes, cars, and education. GivenLIBOR's ubiquitous reach, it is the view of RMA that financial institutions need to begin preparing for this transition immediately.
This toolkit will continue to be updated as the transition progresses and additional information becomes available.