- Only a fraction of the USD 27 trillion in derivatives pegged to the ten LIBOR have been switched to RFR with around nine months left until the cessation date of the benchmark. A further USD 150 billion in cash products will not mature until LIBOR expires
- Global regulators were considering creating a synthetic yen LIBOR as a supplemental rate to allow legacy contracts to expire
- https://www.bloomberg.com/news/articles/2021-04-01/a-27-trillion-challenge-looms-as-clock-ticks-on-yen-libor-shift
