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Libor, prudential changes in UK financial services bill welcomed by FCA

( October 21, 2020, 13:51 GMT | Official Statement) -- MLex Summary: The UK Financial Conduct Authority has said it welcomes the additional powers granted to it by the government to manage an orderly winddown of the benchmarks such as the London Interbank Offered Rate. In particular, the FCA welcomed the financial services bill, which was introduced in UK Parliament today. Areas of interest in the bill for the regulator include benchmark powers, the prudential regulation of investment firms and a new overseas-funds regime.The statement follows...

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