LIBOR resources

Find all news, statements, speeches and publications on LIBOR.

FCA speeches

Title Date
So long LIBOR – 3 weeks to go December 2021
LIBOR 6 months to go July 2021
LIBOR – are you ready for life without LIBOR from end-2021? January 2021
LIBOR transition – the critical tasks ahead of us in the second half of 2020 July 2020
Next steps in transition from LIBOR November 2019
LIBOR: preparing for the end July 2019
Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done February 2019
LIBOR transition and contractual fallbacks January 2019
Interest rate benchmark reform: transition to a world without LIBOR July 2018
The future of LIBOR July 2017

FCA news and statements

Title Date
Finalising LIBOR transition – achievements in sterling markets and what remains to be done February 2022
Changes to LIBOR as of end-2021 January 2022
FCA issues final messages on LIBOR before end-2021 December 2021
FCA confirms rules for legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR November 2021
Further arrangements for the orderly wind-down of LIBOR at end-2021 September 2021
FCA and the Bank of England encourage market participants in a switch to RFRs in the LIBOR cross-currency swaps market from 21 September August 2021
FCA and Bank of England encourage market participants in a switch to SOFR in US dollar interest rate swap markets June 2021
FCA consults on proposed decision to require synthetic LIBOR for 6 sterling and Japanese yen settings June 2021
FCA consults on use of new powers to support orderly wind down of critical benchmarks May 2021
FCA and Bank of England encourage market participants in a switch to SONIA in the sterling exchange traded derivatives market May 2021
FCA and Bank of England encourage market participants in a switch to SONIA in the sterling non-linear derivatives market March 2021
Announcements on the end of LIBOR March 2021
FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks March 2021
The final countdown: Completing sterling LIBOR transition by end-2021 January 2021
FCA response to IBA’s proposed consultation on intention to cease US$ LIBOR November 2020
FCA consults on new benchmarks powers November 2020
FCA welcomes Financial Services Bill October 2020
FCA and Bank of England encourage market participants in further switch to SONIA in interest rate swap markets September 2020
FCA statement on planned amendments to the Benchmarks Regulation June 2020
Benchmarks Regulation – proposed new powers June 2020
Further statement from the RFRWG on the impact of Coronavirus on the timeline for firms’ LIBOR transition plans April 2020
Impact of the coronavirus on firms’ LIBOR transition plans March 2020
LIBOR contractual triggers March 2020
Next steps for LIBOR transition in 2020: the time to act is now January 2020
Conduct risk during LIBOR transition: Question and answers November 2019
The Bank of England and FCA launch next phase of sterling LIBOR transition work November 2017
Panel banks agree to support LIBOR until end 2021 November 2017

FCA publications

Title Date
LIBOR and the FCA's new powers under the UK Benchmarks Regulation: questions and answers October 2021
FCA and PRA Dear CEO Letter: Transition from LIBOR to Risk-Free-Rates March 2021
Joint letter from Bank of England and FCA to trade associations March 2020
Dear CEO letter - Asset management firms: prepare now for the end of LIBOR February 2020
FCA letter to ISDA on an unrepresentative LIBOR January 2020
FCA and PRA Dear SMF letter: Next steps on LIBOR transition January 2020
Conduct risk during LIBOR transition November 2019
Feedback on the Dear CEO letter on LIBOR transition June 2019
FCA and PRA Dear CEO LIBOR letter September 2018

Financial Stability Board publications

Title Date
FSB Statement to Support Preparations for LIBOR Cessation November 2021
FSB issues statements to support a smooth transition away from LIBOR by end 2021 June 2021
FSB encourages broad and timely adherence to the ISDA IBOR Fallbacks Protocol October 2020
Global transition roadmap for LIBOR October 2020
Supervisory issues associated with benchmark transition: Report to the G20 July 2020
FSB statement on the impact of COVID-19 on global benchmark reform July 2020
User’s guide for overnight RFRs June 2019
Interest rate benchmark reform – overnight risk-free rates and term rates June 2018
Reforming Interest Rate Benchmarks. Note: annual progress reports following the July 2014 report can also be found on the FSB website July 2014

IOSCO publications

Title Date
Statement on Credit Sensitive Rates September 2021
Statement on Benchmarks Transition  June 2021
Statement on Communication and Outreach to Inform Relevant Stakeholders Regarding Benchmarks Transition July 2019
Statement on Matters to Consider in the Use of Financial Benchmarks January 2018

Other external publications

Title Date
CFTC announcement on SOFR First for Additional Cross-Currency Derivatives December 2021
Federal Reserve issue Answers to Frequently Asked Questions on the Transition Away from LIBOR November 2021
Joint Statement on Managing the LIBOR Transition from US federal financial institution regulatory agencies October 2021
CFTC announcement on SOFR first for non-linear derivatives October 2021
CFTC’s Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee Recommends SOFR First June 2021
Financial Services Act 2021 May 2021
Descending safely: Life after Libor May 2021
ISDA webinar – The Path Forward for LIBOR and transcript December 2020
Joint Statement on LIBOR Transition from US federal financial institution regulatory agencies November 2020
Calling time on LIBOR: Why you need to act now January 2020