FCA Sees Role For 'Synthetic' Libor As Firms Take Fallbacks
ADVERTISEMENT ADVERTISEMENT FCA Sees Role For 'Synthetic' Libor As Firms Take Fallbacks Law360, London (January 26, 2021, 3:58 PM GMT) -- The Financial Conduct Authority said Tuesday that 12,500 companies have signed up to a new protocol set out by an international standards-setting body to help lenders move away from Libor, which is being phased out after a series of scandals. The City watchdog said of the number of companies that had signed up to the International Swaps and Derivative Association's so-called fallback protocol, approximately 10,000 were from the U.S. and 450 were from Brita...
Source: law360.com