ARTICLE
17 September 2019

Interbank Offered Rates (IBORs) Transition (Video)

AM
Arendt & Medernach

Contributor

About Arendt

Arendt combines the entire value chain of services dedicated to Asset Managers, Banks, Insurers, Public Institutions and Private Clients operating in Luxembourg.

-Legal & Tax
-Regulatory & Consulting
-Investor Services

Legal & Tax

We assist clients in structuring and running their business from a legal and tax standpoint across Luxembourg. Our teams directly serve international clients or work in close collaboration with foreign partner law firms.

Together with our regulatory consultants and investor services experts, we bridge the gap between legal/tax advice and its implementation. We deliver best-in-class services along our clients’ business life cycles.

The 450 legal experts of Arendt & Medernach have a wealth of experience in a wide variety of specialisations. Together, they are able to advise on a complete range of 15 complementary practice areas

Historically, IBORs proved to be prone to manipulations.
Luxembourg Finance and Banking

Historically, IBORs proved to be prone to manipulations. The Benchmarks Regulation has brought to light structural weaknesses in the governance of IBORs. As a response to the standards set out by the new EU regulatory framework, a transition from some of the main IBORs to new benchmarks is underway.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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