FCA to introduce 'synthetic' LIBOR rates

Concerns that year-end conversion is ‘not practicable’

Lauren Mason
clock • 1 min read
FCA to introduce 'synthetic' LIBOR rates

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.

The decision taken, which will affect six remaining sterling and Japanese yen LIBOR settings for "a limited time period" after the end of 2021, was taken to avoid the disruption of legacy contracts...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Gloucestershire Pension Fund invests £30m in homelessness property fund

Gloucestershire Pension Fund invests £30m in homelessness property fund

LGPS scheme invests in Resonance’s National Homeless Property Fund 2

Holly Roach
clock 14 January 2025 • 1 min read
How we won the PP Investment Awards 2024... L&G

How we won the PP Investment Awards 2024... L&G

Legal & General (L&G) was named as Long Income Property Manager of the Year

Professional Pensions
clock 14 January 2025 • 4 min read
Pensions and Private Markets Briefing: Keynote speaker confirmed

Pensions and Private Markets Briefing: Keynote speaker confirmed

Mark McFee to speak at PP's inaugural private markets event on 4 March

Professional Pensions
clock 13 January 2025 • 1 min read
Trustpilot