UK Financial Conduct Authority: Announcements On The End Of LIBOR Date
05/03/2021
The FCA has announced the dates that panel bank submissions for all LIBOR settings will cease, after which representative LIBOR rates will no longer be available. This is an important step towards the end of LIBOR, and the Bank of England and FCA urge market participants to continue to take the necessary action to ensure they are ready.
The FCA has confirmed that all LIBOR settings will either cease to be provided by any administrator or no longer be representative:
immediately after 31 December 2021, in the case of all sterling, euro, Swiss franc and Japanese yen settings, and the 1-week and 2-month US dollar settings; and
LONDON Britain’s financial regulators on Friday called a formal halt to nearly all Libor rates from the end of this year, as expected, piling pressure on…
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