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ISDA to re-consult on pre-cessation fallbacks in derivatives contracts

Published on: 05 February 2020

Published by LNB News

LNB News 05/02/2020

Document Information

Issue Date: 05 February 2020

Published Date: 05 February 2020

Jurisdiction(s): United Kingdom

Article summary

The International Swaps and Derivatives Association (ISDA) has announced that it will re-consult on how to implement pre-cessation fallbacks following the release of new information by the Financial Conduct Authority (FCA) and ICE Benchmark Administration (IBA) on the length of time LIBOR may be published. Based on the results of this consultation, ISDA will move quickly to deliver the appropriate, industry endorsed fallback solution later in 2020.

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