What do I need to do for IBOR?

london city

What is IBOR ?

The upcoming shift away from IBOR to Alternative Reference Rates (ARRs), sometimes called Risk Free Rates (RFRs), is one of the most dramatic changes in living memory. And if you thought the acronyms were complicated, what they signify is positively labyrinthine – it’s a task that should not be underestimated. The Deputy Governor of Bank of England, Sir David Ramsden, stated: “By some measures the task is on a bigger scale than preparing for Brexit.”

The move away from the “world’s most important number” to a new benchmark rate is one of the key challenges to financial services companies for the short and medium term. If this is something you have tackle, LOD is here to help! We can assist you with every key stage in preparing for the monumental shift – from initial assessment, all the way to execution of recommended actions. That is to say, we can help with both the advisory and delivery elements of responding to the LIBOR change.

How LOD can help

Our Managed Services teams help our clients get more done through putting in place flexible extensions to their in-house teams. We do this by building an integrated team of expert lawyers, supported by project management, tech and process. From day one, the team is plugged seamlessly into your team, bolstering capacity and adding new depth. To find out more, read about our Projects work here.

We can also help you in other, flexible, ways. Perhaps you just need to boost you in-house team? Get in touch with our team to talk about getting interim, high-quality legal secondees.

Visit our LIBOR page to find out more about how we can support you.

Extra Resource

If you need a 25-minute explainer on LIBOR, you can listen to our LODcast with experts from LexisNexis by clicking here

Related stories

How can I progress my career with LOD?

Read more

Can I work with great clients if I want to work more flexibly?

Read more

How can I save money through a managed team?

Read more

How can I free up resource in my team?

Read more

Can LOD help with our complex resource problem?

Read more

What legal technology is right for my team?

Read more

How do I manage peak workflow?

Read more

What type of lawyer do I need?

Read more

Why should you become an LOD?

Read more

Can I work remotely?

Read more

Does LOD work with high-profile clients?

Read more