Sector Regulation Sector Regulation

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 their own preparedness

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, 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.

Discover MLex

Stay on top of global regulatory developments


Latest News