Regulatory Alerts2021-09-28
Added · Updated
FS21/12: Decisions on the use of LIBOR (Articles 23C and 21A BMR)
The Financial Conduct Authority issued this feedback statement to outline its final decisions regarding the use of LIBOR under Articles 23C and 21A of the Benchmark Regulation. The document addresses the regulatory framework for replacing LIBOR benchmarks and details the specific measures implemented to ensure market stability and continuity. These decisions follow a consultation period and establish the binding requirements for firms transitioning away from LIBOR-based contracts.
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