ICMSA Publication


LIBOR – ICMSA response to FCA’s consultation (CP 21/29) regarding its decision on the use of LIBOR (Articles 23C and 21A BMR)

ICMSA has responded on behalf of its members to the FCA’s consultation CP21/29 on its proposed decision on whether and how to permit legacy use of synthetic LIBOR from 1 January 2022. The ICMSA response supports the FCA’s proposed decision regarding legacy use of synthetic LIBOR in order to avoid market disruption and facilitate a smooth transition away from LIBOR.

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