04 Aug 2017

LIBOR - being discontinued by 2021?

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The Chief Executive of the UK's Financial Conduct Authority, Andrew Bailey, delivered a speech on Thursday 27 July 2017, the implications of which include that LIBOR will likely cease to be available after the end of 2021. He also urged the sector to work in earnest on developing alternative reference rates based firmly on actual transactions. We look at what will replace LIBOR, implications for existing documentation the immediate practical implications.

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Graeme McLellan

Graeme McLellan
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