Adoption of RFR benchmarks in Derivatives is increasing slowly but surely… although there are huge disparities between GBP (high), USD and other currencies (low).

Time is running out…. and the regulators are intensifying pressure on firms to progress towards the total eradication of references to Libor in all forms of contracts.

See the publication here – https://www.isda.org/2021/08/11/isda-clarus-rfr-adoption-indicator-july-2021/