Conduct risk arising from LIBOR transition – a new FCA publication  

On 19 November 2019, the FCA published a page on conduct risk arising during the LIBOR transition. The page comprehensively covers:

  • governance and accountability;
  • guidance on replacing LIBOR-linked products;
  • TCF;
  • guidance on offering new RFR-linked products;
  • communications with customers on LIBOR transition; and
  • interestingly, guidance specifically targeted at asset managers on identifying exposures to LIBOR and engaging with issuers of LIBOR-linked products to which they are exposed.

See the full page here-

https://www.fca.org.uk/markets/libor/conduct-risk-during-libor-transition