FIN.

FCA consults on use of FSB Benchmark powers

FCA is consulting on how it proposes to use its new powers under the FS Bill to ensure an orderly wind-down of LIBOR, following the announcement by ICE Benchmark Administrations that it plans to cease its euro, sterling, Swiss franc and yen LIBOR panels at the end of 2021.  FCA’s proposed policy will allow it to use its powers only where necessary.

Emma Radmore