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Risk free rates

Risk free rates

Risk free rates

Moving from IBORs to risk free rates

Is your business ready to make the move from IBORs to alternative risk free rates? It is time to start planning the transition in order to ensure your business is ready to manage this change.

Inter Bank Offered Rates (IBORs) are being phased out or reformed by their regulators in 2021 meaning alternative risk free rates will be required in their place.

There has been increased regulator focus on the issue for financial services firms recently, however it is timely for all organisations to review their business to assess the impact IBORs have on their value chain.

How can KPMG help?

KPMG has the strength and depth to support you from project setup to dealing with contract management and addressing technical accounting, regulatory and legal questions.

KPMG has independently collected responses to an IBOR transition readiness survey from several European institutions and can use this to work with your team to benchmark your organisation against anonymised 2019 responses.

KPMG are ready to deploy AI solutions to identify and review contracts with an exposure to a benchmark rate, enabling your team to spend more time focusing on aspects of the transition that can add value. 

We have produced a short summary of the challenges and considerations (PDF, 234KB) we believe you need to be aware of when assessing your IBOR impact and we would be delighted to talk to you about your transition plans, how your readiness compares to your peers or how you can use AI to tackle some of the challenges the reform can present.

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