LIBOR ceased to be published as a floating rate benchmark at the end of 2021 (except for USD LIBOR which continues to be published until June 2023).  Remediating IBOR based contracts presented the market with a significant challenge.

The transition from IBORs to alternate reference rates (ARRs) or risk free rates continues to have a considerable impact on the financial markets. Regulators have required regulated firms to understand the risks this poses to their business, remodel their systems and repaper legacy contracts to ensure smooth transition.

This resource hub includes updates, useful guides, briefings and events on navigating the transition from LIBOR around the world.

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Published in the OJ: Commission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing the Taxonomy Regulation by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives and amending Commission Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities

Published in the OJ: Commission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing the Taxonomy Regulation by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives and amending Commission Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities

On 21 November 2023, there was published in the Official Journal of the European Union (OJ) Commission Delegated Regulation (EU) 2023/2486 of 27 June 2023 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to the sustainable use and protection of water and marine resources, to the transition to a circular economy, to pollution prevention and control, or to the protection and restoration of biodiversity and ecosystems and for determining whether that economic activity causes no significant harm to any of the other environmental objectives and amending Commission Delegated Regulation (EU) 2021/2178 as regards specific public disclosures for those economic activities.


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LIBOR transition checklist

Managing LIBOR transition will start with a full impact assessment covering all areas of your business that are exposed to IBOR. We have identified a checklist of key issues to consider when developing your IBOR transition strategy.

IBOR checklist

Download the checklist

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A remediation solution for IBOR transition project teams

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