One of our core consulting services in recent years was helping clients navigate the LIBOR transition. Using state-of-the-art technology and proprietary processes, Market Alpha’s team identified, classified, and remediated contracts tied to LIBOR. This enabled clients to manage the fallback exposure embedded in their agreements effectively, ensuring a smoother transition to new reference rates.
The financial services industry faced a monumental challenge as the largest floating rate benchmark in history was phased out. Over $350 trillion in contracts worldwide, including $200 trillion in the U.S., were tied to IBORs. The cessation of LIBOR left many overwhelmed, lacking the resources to address the challenges. Stakeholders were concerned about its financial, regulatory, tax, accounting, and legal impacts.
Firms with a strong understanding of the issues were far better positioned to develop strategies for the transition. Market Alpha remains the premier choice for navigating these complexities. Contact us today to learn how we can help.
