Tag: LIBOR

Despite the coronavirus pandemic, the Financial Conduct Authority (FCA) has issued another statement saying that firms cannot rely on LIBOR being published after the end of 2021.

A global pandemic sweeping over the globe may have caused the UK to shut down everything but the most essential services, but the Financial Conduct Authority (FCA) still plans businesses to stick to the LIBOR shutdown timetable.

The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.