Andrew Bailey, the chief executive of the Financial Conduct Authority, delivered a speech today titled 'The future of LIBOR': see here. The speech makes clear that the FCA's support for LIBOR will continue until the end of 2021 but planning should begin now for the transition to alternative reference rates that are based firmly on transactions.
Thursday, 27 July 2017
UK: the future of LIBOR
Andrew Bailey, the chief executive of the Financial Conduct Authority, delivered a speech today titled 'The future of LIBOR': see here. The speech makes clear that the FCA's support for LIBOR will continue until the end of 2021 but planning should begin now for the transition to alternative reference rates that are based firmly on transactions.
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