What is at stake ?

Transitioning from IBOR

to new reference rates

  • An index at the core of interbank fundings, market strategies – a US$ 370 trillion exposure
  • A series of new secured and unsecured rates, in both liquid and less liquid currencies
  • A matter for all market participants, from Banks, Insurance and Re-insurance to Pension Funds, Asset Managers and Treasury desks from Supranational Agencies and Corporates
  • A major change for Front Office, but also Legal, Operations, Risk, IT and Compliance
  • Challenges ahead with the different speeds of readiness from counterparts, vendors, custodians
  • While ISDA is preparing for fallbacks options, a need for:
  • A detailed impact study to assess the P&L, Balance Sheet and regulatory metrics at risk
  • A clear roadmap for the working group, with options depending on the market scenarios over time

Articles on the end of LIBOR

The End of IBOR – The Asia Take

Open Article

SOFR Gains Acceptance as LIBOR Alternative

Open Article

Our Front Office Team

Stéphane is CEO, founder and partner of Chappuis Halder

Stéphane Eyraud

Stéphane Eyraud, Partner and CEO

Matthieu is in charge of Front Office and Regulatory matters for Asian Region

Matthieu Sachot

Director, Asia

Olivier is Managing Director and Partner of the London Office. He is in charge of the Front Office practice.

Olivier Garcia

Partner, London

Augustin is Director in Paris, in charge of the Front Office and Regulatory practice

Augustin Beyot

Director, Paris

For all LIBOR enquiries


Geneva Office

80 rue de Lausanne,
1202 Genève, Switzerland

+41 22 715 25 40
London Office

2 Eastbourne Terrace,
5th floor,
Paddington, London W2 6LG, UK

+44 203 950 1579
Paris Office

20 rue de la michodière,
75 002 Paris

+33 1 75 77 27 80
New York Office

250 W 57th St #711,
New York, NY 10107

+1 212-453-6713
Hong Kong Office

Kinwick Centre,
32 Hollywood Rd, Central, Hong Kong

+852 3904 3030
Montreal Office

1501 McGill College, bureau 2920,
Montréal (Québec) H3A 3M8

+1 514-516-1620