FCA Confirms LIBOR Deadline

  • FCA has officially announced that panel bank submissions for all LIBOR settings will cease by Dec. 31, 2021 in case of all sterling, Euro, Swiss franc, and Japanese yen settings, and the 1-week and 2-month US dollar settings; and by Jun. 30, 2023 in case of the remaining US dollar settings
  • ISDA has confirmed separately that the spread adjustments to be used in its IBOR fallbacks will be fixed on the same day as a result of FCA’s announcement.