At a recent LIBOR transition event, a regulator from UK’s Financial Conduct Authority told market participants there will be no delay in decisions over the LIBOR cessation, according to Risk.Net. “We see no case for delaying decisions or announcement beyond the time necessary to properly assess the consultation responses that have now been received,” said Edwin Schooling Latter, Director of Markets and Wholesale Policy. The remarks come at the same time the ICE Benchmark Administration (IBA) consultation on potential LIBOR cessation drew to a close. “I have no doubt that IBA will move with its usual speed and diligence to assess the feedback to the consultation, complete the necessary internal governance and then advise the FCA on how it intends to proceed,” Schooling Latter said.

Click here to read more.