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BoE director Hauser tells firms to prepare now for the end of LIBOR

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Published on: 09 December 2020
Published by LNB News

LNB News 09/12/2020

Document Information

Issue Date: 09 December 2020

Published Date: 09 December 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The executive director for markets at the Bank of England (BoE), Andrew Hauser, has given a speech on the transition away from LIBOR, in which he highlighted three key actions for market participants in the months ahead: moving all new business off LIBOR, adopting the ISDA fallbacks for existing derivatives, and reducing the legacy of post-2021 LIBOR-linked contracts.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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