The case for global active transition for ‘tough legacy’ contracts
The case for global active transition for ‘tough legacy’ contracts

| In Opinion

Tough legacy contracts are those that do not have robust fallbacks and prove unable to be amended ahead of Libor discontinuation, which remains set for the end 2021. Tough legacy is not an issue specific to one IBOR currency or country, it is a largely global issue that could adversely impact the financial stability of an interconnected financial system if left unaddressed. Market participants should not wait…

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