FCA warns banks to stick to risk-free rates in Libor switch
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FCA warns banks to stick to risk-free rates in Libor switch

FCA_Adobe_575x375_8April2020

The Financial Conduct Authority warned on Monday against using benchmarks other than risk-free rates in the transition from Libor. It has asked any company under its remit to tell its FCA supervisor if it plans to use alternatives known as credit-sensitive rates.

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