Tag: LIBOR
The UK’s FCA welcomes the new Financial Services Bill
The UK’s Financial Conduct Authority (FCA) has welcomed the Financial Services Bill introduced in Parliament, which it believes will offer high standards and clarity for firms.
FCA standfast about LIBOR ending in 2021
Despite the coronavirus pandemic, the Financial Conduct Authority (FCA) has issued another statement saying that firms cannot rely on LIBOR being published after the end of 2021.
The FCA says LIBOR expectations have not changed because of the...
A global pandemic sweeping over the globe may have caused the UK to shut down everything but the most essential services, but the Financial Conduct Authority (FCA) still plans businesses to stick to the LIBOR shutdown timetable.
FCA and the Bank of England tell financial firms it’s time...
The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.
