FCA urges switch away from LIBOR benchmarks as underlying market thins

Jonathan Stapleton
clock • 4 min read

The Financial Conduct Authority has said LIBOR is likely to end by 2021 and has urged markets to begin transitioning to alternative benchmarks.

Speaking at Bloomberg today, the watchdog's chief executive Andrew Bailey said the regulator had worked hard to maintain and improve the London Interbank Offered Rate (LIBOR) - the rate used for be...

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Jonathan Stapleton
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