Stay updated with breaking news from Cessation Procedure. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
<p><span>The European Energy Exchange AG (EEX) intends to change the data source methodology of the provided Polish Power Benchmarks. </span></p>
To print this article, all you need is to be registered or login on Mondaq.com. On November 30, 2020, ICE Benchmark Administration (“IBA”), the administrator of U.S. Dollar LIBOR (“USD LIBOR”) and other IBORs, lowered the pressure with respect to the upcoming cessation of USD LIBOR. IBA announced that, following a consultation in December and January, (i) it intends to cease publication of 1-week and 2-month USD LIBOR at the end of 2021 and (ii) subject to compliance with applicable regulations, including as to representativeness, it does not intend to cease pu...