Financial Services Financial Services

Banks should take responsibility for companies moving away from Libor, FCA director says

By Fiona Maxwell
  • 10 May 2021 10:52
  • 10 May 2021 10:52
Banks and other regulated financial firms should play a leading role in encouraging clients to use an alternative benchmark rate to the London Interbank Offered Rate, a senior UK regulator said today.
As Libor is due to be phased out at the end of this year, financial institutions should ensure

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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