FCA confirms use of synthetic LIBOR for six settings with little change to initial proposal

Japanese yen LIBOR to end in 2022

James Baxter-Derrington
clock • 2 min read
The FCA stated it does not intend to renew the compulsion and publication of the three Japanese yen settings beyond 2022
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The FCA stated it does not intend to renew the compulsion and publication of the three Japanese yen settings beyond 2022

The Financial Conduct Authority has confirmed the use of a synthetic LIBOR rate for six settings across sterling and Japanese yen, following a consultation with financial institutions.

From 1 January 2022, all LIBOR settings excluding 1-, 3- and 6-month sterling and Japanese yen and five US dollar settings will cease, with the former transferring to a synthetic model, while the latter...

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