Seward & Kissel is pleased to announce its collaboration with international law firm Simmons & Simmons in providing clients with an online IBOR Portal which tracks the latest market, legal and regulatory developments in connection with the transition from LIBOR and other IBOR (inter-bank offered rate) benchmarks.
LIBOR (London inter-bank offered rate), the leading global benchmark interest rate, will be phased out in 2021. Managing the transition to new reference rates will be difficult and challenging. The IBOR Portal is designed to assist in this effort, promoting knowledge sharing and helping clients keep pace with the rapidly changing landscape in an easy and cost-efficient way across the five main currencies and jurisdictions. The IBOR Portal is currently available to our clients on a subscription basis or as part of any IBOR-related mandate.
The IBOR Portal will help subscribers:
- Keep track of more than 30 working groups across the five IBOR currencies:
- US dollar (USD), Pound sterling (GBP), Euro (EUR), Swiss franc (CHF) and Japanese yen (JPY);
- Manage all regulatory, market, industry and documentation developments;
- Provide a searchable and customizable format for receiving updates and organizing information and developments on the basis of specific products and jurisdictions.
The IBOR Portal is supported by experts from regulatory, capital markets, structured products, derivatives, banking, investment management and other practice groups to create a comprehensive and easily accessible knowledge portal for the IBOR transition.
Our collaboration with Simmons & Simmons on the IBOR Portal is a project of Seward & Kissel’s LIBOR Transition Task Force, a team of highly focused and specialized cross-disciplinary lawyers working to support the firm’s clients in connection with the adoption and implementation of replacement benchmarks for LIBOR. Please visit our LIBOR Transition Task Force web page at https://www.sewkis.com/practices/libor-transition-task-force/ or contact your Seward & Kissel service provider or Miki Navazio (navazio@sewkis.com) for further information.
