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EU Libor-cessation powers endorsed by national diplomats

( December 9, 2020, 12:33 GMT | Official Statement) -- MLex Summary: Financial contracts referencing benchmarks, such as the soon-to-be-defunct London Interbank Offered Rate, can be amended by EU regulators under rules approved by diplomats today. EU member-state representatives endorsed a deal tentatively struck with lawmakers, which would also delay the onset of new EU regulations for financial indexes from outside the bloc.Council of the EU Press release 9 December 2020 13:20...

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