Daniel P. Stipano quoted in Wall Street Journal article, “Regulators ask banks about preparations for Libor’s demise"
Wall Street JournalDaniel P. Stipano
Daniel P. Stipano was quoted on January 3, 2020 in a Wall Street Journal article, “Regulators ask banks about preparations for Libor’s demise,” which discussed financial regulators requests to banks to show they have plans in place to manage the risks following the end of Libor. The article stated, “Regulators, which for months have urged banks and other financial services firms to prepare for the likely end of the London interbank offered rate in 2021, have recently begun asking for evidence of their preparations.”
Stipano noted, “Major banks have made progress in preparing for the transition. They need to give themselves a lot of lead time.”
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