This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

End of Libor confirmed as Dec. 31 for all except US dollar settings

( March 5, 2021, 09:16 GMT | Official Statement) -- MLex Summary: Market participants will no longer be able to rely on the London Interbank Offered Rate from the end of this year as the UK’s Financial Conduct Authority today confirmed the date beyond which panel bank submissions for the benchmark will cease. After this date, Libor will no longer be representative, and the industry will be required to move onto new, risk-free rates. The regulator also set out its intentions to propose using a synthetic Libor rate for tough legacy contracts. It will formally consult on using these new powers in the second quarter of this year.The statement from the FCA follows. The FCA's announcement and benchmark regulation powers, and ICE's feedback statement, are attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login