Transition and Customer-Response Risks Associated with the Cessation of LIBOR Publication
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the matters concerning "Business and Other Risks" described in the annual securities report for the previous fiscal year, nor any events relating to those matters.」
It states that there have been no material changes or risk events concerning LIBOR cessation transition and customer-response risks. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, there were no material changes to the matters concerning "Business and Other Risks" described in the annual securities report for the previous fiscal year, nor any events relating to those matters.」
It states that there have been no material changes or risk events concerning LIBOR cessation transition and customer-response risks. - FY2021First statedAnnual report
「The risks associated with the cessation of LIBOR publication include the risk that the transition may not be completed because the matter was not adequately explained as a customer-response risk, adversely affecting transactions with customers related to LIBOR, as well as litigation risks associated with the transition to alternative interest rate benchmarks. Preparations for a smooth transition are being advanced across the bank.」
Against the backdrop of the confirmed timing of the cessation of LIBOR publication, the failure to complete the transition to alternative interest rate benchmarks, adverse effects on customer transactions and litigation risks were added as new risks.