FCA updates on USD LIBOR

FCA has reminded firms that the US Dollar LIBOR panel ends on 30 June.  It is warning market participants to be aware that the overnight and 12-month settings will cease after final publication on 30 June. It has confirmed that the 1, 3 and 6 month settings will be published in synthetic form until the end of September 2024 but may only be used in legacy contracts.

Emma Radmore