Amendments to the Benchmarks Regulation to support LIBOR transition
Regulatory Updates | 21/10/20
A Treasury statement accompanies the Financial Services Bill, introduced on 20 October 2020, which makes amendments to the Benchmarks Regulation to cater for the orderly wind-down of a critical benchmark, such as LIBOR. The statement emphasises the importance of continued active transition away from LIBOR, ahead of its expected cessation after end-2021. It also sets out amendments to the Benchmarks Regulation through the Government’s Financial Services Bill.