FCA reminds on LIBOR and comments on its objectives

FCA has reminded firms that the 3 month synthetic sterling LIBOR ceases permanently on 28 March and also that USD synthetic LIBOR is expected to end at the end of September.

Separately, it has published a report as required under the Benchmarks Regulation looking at whether its use of its power in relation to the sterling LIBOR has advanced its consumer protection and integrity objectives, and has concluded that it has done so in both cases.