The FCA announced on March 5, 2021 the future cessation and loss
of representativeness of the LIBOR benchmarks. This news was
expected, but its comprehensiveness is very welcome.
As a result, December 31, 2021 will be the last day on
which all euro and Swiss franc LIBOR tenor settings are published,
and some sterling, yen and U.S. dollar settings will also cease
then.
December 31, 2021 will also be the last day the remaining
sterling and yen settings are considered representative.
June 30, 2023 will be the last day on which the remaining tenors
of U.S. dollar LIBOR settings are considered representative.
The FCA's announcement went on to describe the start of a
consultation in relation to the possible continued publication of
one month, three month and six month sterling and yen LIBOR on a
non-representative, synthetic basis for a period after the end of
2021. The FCA noted that it will also consider a similar
consultation for the continued publication on a
