Banks have begun to assess the impact the end of London Interbank Offered Rate (LIBOR) in 2021 will have on their operations, and are also working out transition plans.
The Indian Banks’ Association (IBA) has set up a working group to assess the impact of LIBOR.
“It is essential that banks are prepared to study the impact, the alternatives to LIBOR, the issues that will be facing banks and corporates, accounting issues, and how to take it forward. IBA has formed a working group,” said VG Kannan, Chief Executive, IBA. The findings of the group will be used to educate banks that may not be fully familiar as to what is to be expected and how to educate customers.
The working group is understood to include private, foreign and public sector banks, as well as experts.
هذه القصة مأخوذة من طبعة October 16, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة October 16, 2019 من The Hindu Business Line.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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