12.4.20
Last Friday, December 4, the ICE Benchmark Administration released a consultation on the potential discontinuation of LIBOR settings. Specifically, the consultation seeks comment on the potential discontinuation of: 1) all tenors of EUR LIBOR, CHF LIBOR, JPY LIBOR, and GBP LIBOR immediately following the December 31, 2021 publication date, 2) the one-week and two-month USD LIBOR settings immediately following the December 31, 2021 publication date, and 3) the remaining 5 USD LIBOR tenors following the June 30, 2023 publication date. The SFA LIBOR Task Force will work to develop a response to this consultation by the comment due date of January 25, 2021.