Over recent months, the transition from LIBOR benchmarks, to risk free replacements, has started. The first currencies to be impacted were CHF, Euro, GBP and JPY. The final currency to be moved and the one with the greatest regional impact will be US$ and US$ LIBOR is set to cease on 30th June 2023. These FAQ’s are designed to provide background and to give some detail related to the transition of interest rate benchmarks.
