Tuesday, 26 January, 2021
FCA – LIBOR – are you ready for life without LIBOR from end-2021?
Speech by Edwin Schooling Latter, Director Markets and Wholesale Policy at the FCA, delivered at City & Financial’s Managing LIBOR transition event on 26 January 2021.
Speaker: Edwin Schooling Latter, Director of Markets and Wholesale Policy
Location: City & Financial’s Managing LIBOR transition event
Delivered on: 26 January 2021Highlights:
- 85% of uncleared UK derivatives market ready for the end of LIBOR as 12,500 firms sign the ISDA protocol
- IBA consultation on proposed end-dates for LIBOR has now closed, opening the way to determining and announcing the future path for all 5 LIBOR currencies simultaneously
- users of LIBOR should press ahead with transition plans – in their new business and their legacy LIBOR books
https://www.fca.org.uk/news/speeches/libor-are-you-ready-life-without-libor-end-2021
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