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Libor announcements to 'accelerate' transition

Category: ABS CLOs CMBS

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Libor announcements to ‘accelerate’ transition
The UK FCA has confirmed that all Libor settings will either cease to be provided by any administrator or no longer be representative immediately after 31 December 2021 - in the case of all sterling, euro, Swiss franc and Japanese yen settings, as well as the one-week and two-month US dollar settings – and immediately after 30 June 2023, in the case of the remaining US dollar settings.

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