Skip to main content
Skip to footer
Contact Us
We are taking you to another website now.

COVID-19 and LIBOR Transition: Taking a Market-led Approach

Keeping LIBOR transition plans on track despite the COVID-19 pandemic 

The impact of COVID-19 on financial services has been considerable, affecting different lines of business and functions. Likewise, the impact of COVID-19 on LIBOR has been significant, resulting in a great deal of volatility in the LIBOR market. However, regulators have reiterated the unavailability of LIBOR as a benchmark rate post 2021. This means that even as banks scramble to prevent service disruption, their LIBOR transition plans will need to continue on track. To minimize the COVID-19 impact on LIBOR transition, banks must review a few aspects that are intrinsically linked. These include:

  • Analyzing changes to current LIBOR exposures per asset class
  • Reassessing product inventory to understand the impact of COVID-19 volatility on performance
  • Defining a systematic transition plan
  • Establishing a robust rates strategy

The COVID-19 impact on LIBOR transition is largely stemming from market volatility and changes in the regulatory landscape. However, a systematic transition is key to financial stability and banks must take appropriate steps to ensure the same.


Navin Rauniar

Lead – LIBOR Transition, Banking, Financial Services and Insurance, TCS

Zeeshan (Zee) Rashid

Global Head - Risk and Compliance Advisory and LIBOR Transition, Banking, Financial Services and Insurance, TCS


Thank you for downloading

Your opinion counts! Let us know what you think by choosing one option below.