FCA to introduce 'synthetic' LIBOR rates as year-end conversion 'not practicable'

For duration of 2022

Lauren Mason
clock • 2 min read

The Financial Conduct Authority (FCA) has announced that several LIBOR panels, which will cease to exist by year-end, will have to publish synthetic rates to ensure an “orderly wind-down” as the industry transitions away from LIBOR benchmarks.

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