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FCA consults on decisions on use of LIBOR

FCA is consulting on its proposed decisions to use its powers under the amended Benchmarks Regulation for certain LIBOR settings. It seeks views on whether and how to

The Benchmarks Regulation allows FCA to designate critical benchmarks, which means that in principle supervised entities will not be able to use it. However, FCA also has the power to permit some legacy use.  FCA asks for views by 20 October.

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