Riskannals

The FCA announced the timing for the cessation or loss of representativeness of all 35 LIBOR settings at once, giving firms a clear set of deadlines across all currencies and tenors. Following a consultation by ICE Benchmark Administration (IBA), the administrator of LIBOR, the FCA confirmed that all seven tenors for both euro and Swiss franc LIBOR, overnight, one-week, two-month and 12-month sterling LIBOR, spot next, one-week, two-month and 12-month yen LIBOR and one-week and two-month US dollar LIBOR will permanently cease immediately after December 31, 2021. Publication of the overnight and 12-month US dollar LIBOR settings will cease for good immediately after June 30, 2023. This Course will cover Cessation Risk!