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JapanFinancial Services Agency: Preparation For Permanent Cessation Of LIBOR

<p><span>On March 5, 2021, ICE Benchmark Administration (IBA) has announced that it intends to cease the publication of LIBOR based on the current methodology referencing rates provided by panel banks (panel-based LIBOR) immediately after end-2021 except for certain US dollar LIBOR settings. While LIBOR is mainly referenced in derivative contracts such as interest rate swaps, it is also quoted in a significant number of cash products including corporate loans and bonds. Additionally,...
United Kingdom Japan Securities Dealers Association Strategy Development United Kingdom Financial Conduct Authority Management Bureau Japan Foreign Trade Council Inc

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