"Technically it might be difficult to pay," as platforms that typically facilitate transactions have closed access to Russia, as a result of the invasion of Ukraine.

Survey indicates that Covid-19 hasn't significantly slowed the transition to a new interest rate benchmark.

The risks associated with shifting from LIBOR to an alternative can be mitigated if market participants convert contracts early and regulators announce the change date “well in advance.”

Goldman Sachs Asset Management says China's policy shifts are increasing volatility and driving risk premiums higher.