“Racing” To The IBOR Transition Finish Line

In our Winter 2020 Structured Finance Bulletin article we discussed a number of key developments with respect to the global transition from the London Interbank Offered Rate (“LIBOR”) and similar interbank offered rates (“IBORs”) to replacement benchmark interest rates, and how those developments affect structured finance products.

Since publication of that article in November 2020, transition activity has accelerated significantly...