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Remember Libor transition? In the chaos of the last month the topic that has, or should have been, top of mind at many banks has been overrun by the panic and dislocation that the spread of Covid-19 has wrought in the capital markets.
Most bankers, now fighting fires on all fronts, would dearly love to be able to park this issue for the foreseeable future while they try to deal with the impact of a sudden global economic stop on their clients’ and their own businesses.
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