Concern appears to be ebbing that the coronavirus pandemic could significantly delay the transition of dollar markets away from the beleaguered LIBOR benchmark.

The process for moving away from the London interbank offered rate (LIBOR) is on track to take place by around the end of 2021, according to a Barclays Plc survey. A previous poll by the bank had indicated concerns that the Covid-19 outbreak might derail the transition.

"Investors still continue to believe, for the most part, that a small delay beyond 2021 may be needed to see the transition through, but nearly 83 percent of our investors believe that market usage of LIBOR will stop by end-2021 or a short time thereafter," Barclays wrote in a report based off a survey of nearly 100 rates, credit, and money-market clients.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.