Update from FCA on IBOR Discontinuance and Firm Readiness

On 21 February 2019, the FCA published a speech given by Megan Butler, the Executive Director of Supervision – Investment, Wholesale and Specialists, FCA at the Investment Association. The speech is titled, ‘Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done’. Butler observes that UK banks and insurers are in varied phases of preparedness for the LIBOR transition.

Read the full article here-

 https://www.fca.org.uk/news/speeches/ending-reliance-libor-overview-progress-made-transition-overnight-risk-free-rates-and-what-remains