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Interdealer market encouraged to move away from Libor by Sept. 21 by FCA, BOE

( July 21, 2021, 14:03 GMT | Official Statement) -- MLex Summary: The interdealer market trading in cross-currency swaps have been encouraged by UK regulators to move away from the London Interbank Offered Rate by Sept. 21. The Bank of England and UK Financial Conduct Authority said all participants in the cross-currency swaps market should move to new risk-free rates by this date as Libor is officially phased out by the end of the year.Statement follows...

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