The Interbank Offered Rate (IBOR) transition has started

Is the swiss industry ready for the world without IBOR and how does the alternative look like?

The EY industry roundtable held on 18th September in Geneva was an excellent opportunity to measure the IBOR transition progress of the Swiss market. We have gathered more than 75 participants representing diverse types of institutions, functions and industry sectors impacted by the IBOR transition.

Unsurprisingly, the answer to the question about the industry readiness was: “not yet fully ready” as there are many “unknows”. But equally, within just a couple of months, the Swiss participants have made progress in assessing the high-level impacts and reaching the inevitable conclusion that the scale of efforts to transition away from IBORs will be unprecedented.

The full article can be accessed here.

EY Law key contacts:

Philippe Zimmermann

EY Global FSO Law Leader, Law Sector Leader Banking & Capital Markets

Rutger Lambriex

EY EMEIA Legal Managed Services Leader