UK mortgage moratoriums clash with Libor deadline
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SecuritizationRMBS

UK mortgage moratoriums clash with Libor deadline

Two_doors_AdobeStock_575x375_01June20

The Financial Conduct Authority (FCA) has ruled out granting a reprieve to the Libor benchmark, leaving the UK RMBS market to face transitioning legacy deals before the end of the year. That means that lenders will be grappling with the shift at the same time as borrowers will come to the end of Covid-19 payment moratoriums.

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