August 24, 2020
2020-6146

How insurers can understand, plan and prepare for the IBOR phase-out

Interbank offered rates (IBORs) impact trillions of dollars’ worth of financial instruments worldwide. Although the timeframe for phasing out IBOR isn’t fixed, IBOR could cease to exist for both legacy and new contracts, across derivative and cash markets, by the end of 2021. For insurers, time could now be well spent – on a no regrets basis – quantifying IBOR’s impact and identifying where value is at most risk. An EY article provides details.

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