IBOR/LIBOR Transition Compliance
A Continental European Bank was looking at an automated approach to help mitigate the risks of manual transition of its legacy contracts referencing IBOR / LIBOR (London Interbank Operating Rate) before the sunset date announced by the FCA.
Business Process Area
Regulatory Change and Legal Process Management
- 65% Cost savings for the LIBOR transition program
- 96% Accuracy rate of repapered IBOR contracts
- 10,000 Legacy IBOR contracts transitioned