LIBOR proposal offers partial relief on Polish banks' FC loans
22:27
The European Commission's (EC) recent consultation on a statutory replacement rate for Swiss franc (CHF) LIBOR offers a solution for the LIBOR transition of foreign currency (FC) residential mortgage loans on the books of Polish banks at end-2021, Fitch Ratings says. However, the resolution of LIBOR transition risks is tied up with broader legal risks from legacy FC mortgages.
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