FCA confirms synthetic Libor “at least for 2022” – but ESMA warns over incompatibility
The UK Financial Conduct Authority has confirmed it will allow the temporary use of ‘synthetic’ sterling and yen Libor rates after the looming December deadline for the benchmark’s cessation – but EU regulators have warned the synthetic is not compatible with their benchmark rules.
To read more
Register for free access to GBRR
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the GBRR experts.