FCA speech on LIBOR transition
by Leela|28 September 2021|Industry News
BACKGROUND On 5 July 2021, Edwin Schooling Latter, the Director of Markets and Wholesale Policy at the Financial Conduct Authority (the “FCA”) gave a speech on the transition from the London Interbank Offered Rate (“LIBOR”), which was first raised by Andrew Bailey four years ago. WHAT IS LIBOR? LIBOR is a benchmark interest rate used […]
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