The transition from LIBOR rates to alternative rates is expected to have a multifold impact on banks and financial institutions. Given the massive volume of products and processes that fall within the change category, LIBOR transitioning necessitates lots of efforts and risks. But replacing LIBOR, if mishandled, could trigger financial chaos and waves of lawsuits, not to mention regulatory bodies and their legal implications.
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Trends in transition to Alternate Reference Rates
Impact areas of LIBOR transition
Challenges and strategic considerations for transition
Hexaware’s cutting-edge solution to assist transition
Hexaware enables banks and financial institutions in seamless transitioning to an alternative rates regime through effective strategies and technical expertise.