FCA Libor end date could trigger some borrowers to switch

By Mike Turner
08 Mar 2021

The UK's Financial Conduct Authority has set an expiration date for 35 Libor benchmarks to be December 31 — which loan market participants hope will force some corporates to engage more fully with the transition to risk-free rates.

The FCA has set the end of the year as the final date that almost all Libor benchmarks will be supported. While this was largely expected, the date had not been set in stone, with regulators only referring to “the end of 2021” as the deadline.

Fixing the date ...

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