IA pleads with broader market to support asset managers on LIBOR transition

The Investment Association (IA) has urged broader market participants, such as banks, insurers and benchmark administrators, to support its buy-side members in the successful transition away from the LIBOR benchmark in 2022.

In a document published today, the IA highlighted the "need to address the large number of outstanding LIBOR-linked bonds which have still not yet transitioned to a new rate", warning that failure to meet...