FCA confirms use of 'synthetic' LIBOR from 2022

Japanese yen LIBOR to end in January 2022

James Baxter-Derrington
clock • 1 min read
FCA confirms use of 'synthetic' LIBOR from 2022

The Financial Conduct Authority (FCA) has confirmed the use of a synthetic LIBOR rate for six settings across sterling and Japanese yen, following a consultation with financial institutions.

The confirmation today (16 November) comes after the regulator said at the end of September that it would introduce "synthetic" rates. From 1 January 2022, all LIBOR settings excluding 1-, 3- and 6-month...

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