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Banking & Financial Services

04 May 2021
Becky Critchley FCA confirms dates for cessation of LIBOR benchmarks

United Kingdom - Latham & Watkins LLP

The Financial Conduct Authority has formally announced the dates for the cessation of all London Interbank Offered Rate (LIBOR) benchmark settings currently published by the Intercontinental Exchange Benchmark Administration. This is an important step towards the end of LIBOR, providing market participants with a fixed timeline for its cessation. The announcement also adds pressure on market participants to complete their transition plans by the end of 2021.

Authors: Becky Critchley, Anna Lewis-Martinez
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