Synthetic LIBOR confirmation a 'welcome relief'

‘Not a silver bullet’

James Baxter-Derrington
clock • 1 min read
A permanent long-term solution remains 'far from clear'
Image:

A permanent long-term solution remains 'far from clear'

The Financial Conduct Authority’s confirmation of synthetic LIBOR rates for six sterling and Japanese yen settings has been met with positivity by the industry.

Robin Penfold, partner at TLT, said the decision to permit "broad use" of the synthetic LIBOR rates was a "welcome relief to many across the financial services industry still engaging with the challenges...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

Investor documents were rewritten to downplay the risky nature of Structured Alpha investments.

Allianz hit with $6bn fine over fund manager fraud

Misled investors on risky investments

clock 23 May 2022 • 1 min read
Alex Hoctor-Duncan of River and Mercantile Group

FCA approves AssetCo takeover of River and Mercantile

Important milestone in transaction

Lauren Mason
clock 19 May 2022 • 1 min read
Chancellor Rishi Sunak has an "ambitious vision" for UK financial services. Photo: UK Parliament CC BY 3.0

HM Treasury in conversation with FCA over PRIIPs

Part of wider review

clock 16 May 2022 • 1 min read
Trustpilot