FCA stands firm on Libor transition deadline

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FCA stands firm on Libor transition deadline

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HMFN34 Offices of the FCA, Financial Conduct Authority reception | Alamy Stock Photo

After discussions with the Bank of England and the Sterling Risk-Free Reference Rates Working Group over the impact of Covid-19 on companies’ plans to transition from Libor, the UK’s Financial Conduct Authority said on Wednesday that the final deadline of the end of 2021 was immutable.

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