FCA Puts Libor on Notice for 2021 Phase-Out
UK regulator puts scandal-hit benchmark on notice as industry examines alternative rates
The London Interbank Offered Rate (Libor) underpins a vast amount of financial instruments, from derivatives contracts through to mortgages and consumer loans. It is designed to reflect the average rate at which banks can obtain short-term loans from one another, based on submissions from a panel of submitters, and acts as a bellwether for the health of the interbank market.
However, the UK Financial Conduct Authority (FCA), which assumed responsibility for supervising Libor in 2013, has been
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Waters Wavelength
Waters Wavelength Podcast: Episode 254 (Heads in the cloud)
This week, Tony and Shen talk about how firms approach cloud migration projects.
Subscribe to Weekly Wrap emails
Most read
- Is disruption finally coming for the index business?
- Mainframes still mainstream: How financial markets are embracing and evolving 'legacy' IT
- Waters Wrap: What makes for a ‘true’ cloud migration?
- As APIs go mainstream, good management is key
- Waters Rankings 2022 Winner's Interview: S&P Global Market Intelligence (Cloud-based Application Provider)