But financial firms can see this transition as an opportunity to embrace innovation or as a path to continued normality, based on their capabilities.
LIBOR transition is centered around the numerous contracts, which organizations have signed up covering businesses and functions including capital markets, commercial lending, retail banking and wealth management, investment management, insurance, market infrastructure and corporate treasury. The key challenges are mining these contracts, flagging the ones with LIBOR exposure and understanding the risks.
To help analyze such contracts for possible LIBOR impact, LTIMindtree offers its LIBOR Solution Accelerator, the LIBOR Contracts Analysis and Reporting Engine, or LIBOR CARE.