December 12, 2019
How IBOR reform opens the door for technology-enabled contract review
Despite uncertainty about some details of the transition away from Interbank Offered Rates (IBORs), the change is definitely coming. Banks and other financial services firms need to be prepared to use the new Alternative Reference Rates from the end of 2021. Among the various challenges associated with IBOR transition, contract review and remediation is one of the biggest. Tackling the contract review and remediation challenge requires a combination of technology, legal and commercial expertise. An EY video and accompanying article provide details.