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'
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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...

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