September 29, 2020

Mayer Brown launches Eye on IBOR Transition blog

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December 2021 is in sight. Mayer Brown announced today that its IBOR Transition Task Force has launched a blog: Eye on IBOR Transition. The blog is designed to enable our global, cross-practice IBOR experts to keep market participants abreast, in real time, of continuing regulatory and legislative announcements, trade group tools, and the status of market transition.

The blog is edited by members of Mayer Brown’s IBOR Transition Task Force, which is comprised of nearly 100 lawyers drawn from multiple practice areas across the Americas, Asia, and Europe.

“The problem of what to do about the end of IBOR is global and complex. It involves numerous financial products in huge volumes, regulators and trade organizations across dozens of countries and currencies,” said IBOR Transition Task Force leader Paul Forrester. “On top of that, time is running out. Affected banks, insurers and other financial market participants need to act quickly and effectively to avoid adverse consequences, and to do that they need to stay informed of key market updates,”

“This is the latest Thought Leadership tool that we have created, and will complement our existing webinar series, IBOR Transition portal and related digest, and our regular legal update insights,” added Mary Jo Miller, a member of the firm’s IBOR Transition Task Force. “As the December 2021 deadline looms, regulators are placing greater focus on transition readiness and becoming more active in monitoring transition preparation plans. We hope the blog will provide concise and current updates in a bite size format and will help readers view developments through a clearer lens as they watch the clock count down to 31 December 2021.”

Through its global presence, deep knowledge of the affected markets and products, participation in numerous trade and industry groups, and considerable experience in using a variety of technology solutions (including artificial intelligence and other technology-assisted review tools), Mayer Brown is uniquely positioned to advise financial institutions and other affected market participants on how to navigate this complex problem.

Please contact ibortransition@mayerbrown.com for more information.

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