HM Treasury has announced, following a consultation earlier this year (see here, pdf), that legislation will be brought forward, when Parliamentary time allows, to reduce the disruption that might arise in respect of contracts that have been unable to move from LIBOR to another benchmark ("tough legacy" contracts): see here.
Monday, 10 May 2021
UK: HM Treasury consultation outcome - supporting the wind-down of critical benchmarks
HM Treasury has announced, following a consultation earlier this year (see here, pdf), that legislation will be brought forward, when Parliamentary time allows, to reduce the disruption that might arise in respect of contracts that have been unable to move from LIBOR to another benchmark ("tough legacy" contracts): see here.
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