Potential delay to LIBOR phase out due to coronavirus - reports
Will cease to exist at end of 2021
The decision to phase out LIBOR came after a series of scandals
UK regulators are said to be considering the impact of the coronavirus outbreak on the London Interbank Offered Rate (LIBOR) transition deadline of end of 2021, according to reports.
Bloomberg reported that the Financial Conduct Authority (FCA), the Bank of England and the Risk Free Rate Working Group "are assessing the likely impacts of coronavirus on transition progress to meet that...
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