Risk.net Corporates remain on swaps fallback sidelines Risk.net analysis finds just 14 out of 100 large non-financial firms have signed up to Isda fallback protocol Print this page
Non-financial corporates have been slow to sign up to a Libor fallback protocol devised by the International Swaps and Derivatives Association, with just 14 out of 100 of the largest listed companies adopting the standard language to future-proof swaps contracts, according to research by Risk.net. The analysis was conducted across the top 25 non-financial constituents by market capitalisation in four major stock market indexes. The data show six of the largest 25 corporates in both the S&P 500