3.25.20
The Bank of England and the Financial Conduct Authority (FCA) have alerted the industry that the timeline for slated milestones supporting a smooth transitioning away from LIBOR could be impacted by the financial fallout from the coronavirus pandemic. In a statement, the UK authorities maintained that firms need to plan for the end of 2021, but also recognizing that some UK sectors, such as the loan markets, had made less progress than planned.
Read more via The Trade.