It might sound like, that banks have enough time for LIBOR transition, however, considering the challenges attached to transition, it is almost certain that without absolute smart technology, well-thought-out strategy, LIBOR transition for the already signed contracts can be a nightmare and might result in banks getting into lawsuits amounting to billions of dollars. Welcome to the LIBOR transition challenge.
It might sound like, that banks have enough time for LIBOR transition, however, considering the challenges attached to transition, it is almost certain that without absolute smart technology, well-thought-out strategy, LIBOR transition for the already signed contracts can be a Read More