On 5 March 2021, the UK’s Financial Conduct Authority (the FCA) announced that all LIBOR settings will either cease to be provided by any administrator or will no longer be representative by 31 December 2021 or, for some...more
4/21/2021
/ Commodities ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Financial Transactions ,
Gulf Cooperation Council (GCC) ,
Libor ,
Loan Agreements ,
Purchasers ,
Risk Free Rates (RFRs) ,
Sellers ,
Sterling Risk-Free Reference Rates (SRFRR) ,
UK
On March 5, 2021, the ICE Benchmark Administration (the “IBA”) issued feedback that it had completed the consultation with LIBOR panel banks that it began in December 2020, and stated that it will be unable to publish certain...more