Libor Transition

The transition away from LIBOR is a significant undertaking across the financial services industry and its clients.

LIBOR is a series of benchmark rates which underpin hundreds of trillions of financial products for customers globally, with key impacted businesses and functions including capital markets, commercial lending, retail banking and wealth management, investment management, mortgages, market infrastructure and corporate treasury.

UK Finance is committed to supporting our members and their clients with the transition away from LIBOR onto alternative reference rates, while recognising that the implications of transition vary significantly across our members’ diverse operating models. Our focus centres on supporting members with the sterling transition including:

  • Active participation in the Risk-Free Rate Working Group and relevant sub-groups;
  • Advocacy on behalf of members, including regulatory and legal support for legacy contracts;
  • Communication and engagement with members on the transition;
  • Communication and engagement with end users and customers on the transition;

UK Finance’s cross-cutting LIBOR transition activity is open all to impacted members across product areas. Please contact liborcoreteam@ukfinance.org.uk to find out more on our ongoing work to support the industry’s preparations for transition

In terms of the 6 subpages these our initial thoughts are below. I’ve questioned market the reports and blogs subpages as we weren’t sure if there is a plan for them to be already featured or linked in some other way to the page? If not would be great to have two subpages for LIBOR transition reports and blogs.

Key topics in this area