This survey, launched by Mazars at the end of 2018, aims to reflect the state of the European Financial Services industry readiness for IBOR reform and, to identify the key challenges and potential solutions during the transition period. Although the reform came as no surprise, its extent, rapidity and potential impacts were not anticipated. To add to the complexity, each European jurisdiction progresses at its own pace, sometimes conveying, different – if not opposing – messages.

Aware of the strategic, legal, financial and operational challenges, such a reform can raise for the FS industry, Mazars wanted to:

  • Understand how the industry is preparing
    • Existence of a dedicated IBOR programme
    • Sponsorship and governance of the programme
    • Risks identification
  • Identify the main challenges: resolved and ongoing
  • Understand the industry expectations in the short term

The survey was conducted within an evolving environment where solutions and new challenges were raised along the way. Some challenges identified at that time may now be resolved. However, we have done our best to update this report with the latest information available.

Read the full IBOR Global Benchmark Reform Survey Report

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Mazars Financial Advisory

Financial Advisory

The economic difficulties facing businesses and individuals in Ireland are severe. The decline in construction and property markets, allied to the banking crisis and global recessionary trends have created a sharp decline in economic activity, business transactions and confidence levels and have prompted a considerable deterioration in public finances.

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Mazars Audit & Assurance

Audit & Assurance

Mazars understands the true value that thorough and objective audit and assurance services can bring to a company. Our audit approach places significant emphasis on providing you with the necessary assurance in the right format and on time.