Preparing for LIBOR Expiration: Conquer Document Remediation at Scale
LIBOR will be phased out by the end of 2021, and current preparation is extremely insufficient. Two out of every five of more than 100 million contracts around the world require remediation prior to the deadline. In a US survey, 46% of financial executives self-reported their organizations as “not well prepared”.
The LIBOR remediation challenge requires a unique solution. Organizations must first determine which documents create the greatest exposure for LIBOR transition, and then determine what is the fastest, most-effective ways to remediate that exposure.
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