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

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