Skip to Primary Navigation

FCA consults on availability of synthetic US LIBOR

FCA building
Photo: FCA

The FCA has proposed to delay the cessation of the publication of synthetic US dollar LIBOR settings to 2024; Consultation open until 6 January 2023.

Under the FCA’s proposal the 1-, 3- and 6- month synthetic US dollar LIBOR settings would continue to be published until the end of September 2024.

The FCA notes that although synthetic LIBOR is considered to be a “fair and reasonable approximation of what LIBOR might have been” they are

Get full access, free for a month

Start your 28-day free trial to continue reading and access
all content on GRIP – no payment details required.

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience