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LIBOR transition

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The APLMA has been heavily involved to date in discussions amongst regulators, trade associations and market participants in Asia, and internationally, in respect of reform of interbank benchmark interest rates ("IBOR Reform").

There are a number of issues involved in implementing a paced transition to IBOR Reform which also appropriately addresses documentation issues (including in respect of legacy contracts), inter-dependency between products and markets and also ensures consistency between benchmarks and currencies.

We will continue to keep members updated on the progress of our work on IBOR Reform, including via a webinar which will be launched on the APLMA website later this summer. Further details will be published in the APLMA Weekly News.

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