Libor Transition: Measuring The Cost

LIBOR TRANSITION:

MEASURING THE COST

The migration from LIBOR will involve substantial operational and technology costs. We estimate that major financial institutions will each have to spend on the order of $100 million across all their lines of business to prepare for the end of LIBOR and that industry-wide spending will exceed $8 billion - just at a time when financial institutions can least afford it.

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