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Impact of the coronavirus on firms’ LIBOR transition plans
The FCA, Bank of England and members of the Working Group on Sterling Risk-Free Reference Rates have discussed the impact of the coronavirus on firms’ LIBOR transition plans over the coming months. -
About LIBOR transition
The interest rate benchmark LIBOR is being wound down. Firms must take appropriate action to transition to alternative rates -
LIBOR transition
As of end-2021, LIBOR has changed. Firms must act now and remove remaining dependencies on LIBOR.