Financial Services Financial Services

Financial firms still referencing Libor are 'imprudent,' says BOE's markets lead

By Fiona Maxwell
  • 09 Dec 2020 07:34
  • 24 Feb 2021 04:57
Financial institutions still using the London Interbank Offered Rate, or Libor, now that its expiry date has been set in stone are “imprudent,” the Bank of England’s executive director for markets has warned.
The phaseout of the benchmark brings “challenging goals” including deadlines last September and next March for the

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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, 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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