Sector Regulation Sector Regulation

EU Libor users offered respite over contract renegotiation, but no wider benchmark reforms

By Jack Schickler
  • 24 Jul 2020 05:37
  • 24 Jul 2020 05:37
EU financial-market players that use the soon-to-be defunct London interbank offered rate have been offered respite from having to renegotiate individual contracts as the European Commission proposed today to replace references to the interest-rate benchmark automatically.

The EU executive wants extra legislative powers to protect financial stability ahead of a phaseout of Libor

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

Discover MLex

Stay on top of global regulatory developments


Latest News