FCA encourages firms to keep pursuing transition of legacy sterling LIBOR contracts
The FCA encourages firms to continue to pursue the transition of legacy sterling LIBOR contracts using the temporary synthetic LIBOR.
The FCA encourages firms to continue to pursue the transition of legacy sterling LIBOR contracts using the temporary synthetic LIBOR.
The FCA will allow the temporary use of ‘synthetic’ sterling and yen LIBOR rates in all legacy LIBOR contracts, other than cleared derivatives.