LIBOR resources

Find all news, statements, speeches and publications on LIBOR.

FCA news and statements

Title	Date
The end of LIBOR[1]	October 2024
Remaining synthetic US dollar LIBOR settings – less than 1 month to go[2]	September 2024
Remaining synthetic US dollar LIBOR settings – 3 months to go[3]	June 2024
3-month synthetic sterling LIBOR – 1 month to go[4]	February 2024
The US dollar LIBOR panel has now ceased[5]	July 2023
US dollar LIBOR panel – 1 month to go[6]	May 2023
Joint statement with the Bank of England and industry working group on LIBOR transition[7]	April 2023
FCA announces decision on synthetic US dollar LIBOR[8]	April 2023
Further consultation and announcements on the wind-down of LIBOR[9]	November 2022
FCA announces decision on cessation of 1- and 6-month synthetic sterling LIBOR at end-March 2023[10]	September 2022
FCA encourages market participants to continue transition of LIBOR-linked bonds[11]	August 2022
Finalising LIBOR transition – achievements in sterling markets and what remains to be done[12]	February 2022
Changes to LIBOR as of end-2021[13]	January 2022
FCA issues final messages on LIBOR before end-2021[14]	December 2021
FCA confirms rules for legacy use of synthetic LIBOR rates and no new use of US dollar LIBOR[15]	November 2021
Further arrangements for the orderly wind-down of LIBOR at end-2021[16]	September 2021
FCA and the Bank of England encourage market participants in a switch to RFRs in the LIBOR cross-currency swaps market from 21 September[17]	August 2021
FCA and Bank of England encourage market participants in a switch to SOFR in US dollar interest rate swap markets[18]	June 2021
FCA consults on proposed decision to require synthetic LIBOR for 6 sterling and Japanese yen settings[19]	June 2021
FCA consults on use of new powers to support orderly wind down of critical benchmarks[20]	May 2021
FCA and Bank of England encourage market participants in a switch to SONIA in the sterling exchange traded derivatives market[21]	May 2021
FCA and Bank of England encourage market participants in a switch to SONIA in the sterling non-linear derivatives market[22]	March 2021
Announcements on the end of LIBOR[23]	March 2021
FCA announcement on future cessation and loss of representativeness of the LIBOR benchmarks[24]	March 2021
The final countdown: Completing sterling LIBOR transition by end-2021[25]	January 2021
FCA response to IBA’s proposed consultation on intention to cease US$ LIBOR[26]	November 2020
FCA consults on new benchmarks powers[27]	November 2020
FCA welcomes Financial Services Bill[28]	October 2020
FCA and Bank of England encourage market participants in further switch to SONIA in interest rate swap markets[29]	September 2020
FCA statement on planned amendments to the Benchmarks Regulation[30]	June 2020
Benchmarks Regulation – proposed new powers[31]	June 2020
Further statement from the RFRWG on the impact of Coronavirus on the timeline for firms’ LIBOR transition plans[32]	April 2020
Impact of the coronavirus on firms’ LIBOR transition plans[33]	March 2020
LIBOR contractual triggers[34]	March 2020
Next steps for LIBOR transition in 2020: the time to act is now[35]	January 2020
Conduct risk during LIBOR transition: Question and answers[36]	November 2019
The Bank of England and FCA launch next phase of sterling LIBOR transition work[37]	November 2017
Panel banks agree to support LIBOR until end 2021[38]	November 2017

FCA speeches

Title	Date
So long LIBOR – 3 weeks to go[39]	December 2021
LIBOR – 6 months to go[40]	July 2021
LIBOR – are you ready for life without LIBOR from end-2021?[41]	January 2021
LIBOR transition – the critical tasks ahead of us in the second half of 2020[42]	July 2020
Next steps in transition from LIBOR[43]	November 2019
LIBOR: preparing for the end[44]	July 2019
Ending reliance on LIBOR: Overview of progress made on transition to overnight risk-free rates and what remains to be done[45]	February 2019
LIBOR transition and contractual fallbacks[46]	January 2019
Interest rate benchmark reform: transition to a world without LIBOR[47]	July 2018
The future of LIBOR[48]	July 2017

FCA publications

Title	Date
Review of the use of our Article 23D power for 3-month synthetic sterling LIBOR[49]	February 2024
LIBOR and the FCA's new powers under the UK Benchmarks Regulation: questions and answers[50]	October 2021
FCA and PRA Dear CEO Letter: Transition from LIBOR to Risk-Free-Rates[51]	March 2021
Joint letter from Bank of England and FCA to trade associations[52]	March 2020
Dear CEO letter - Asset management firms: prepare now for the end of LIBOR[53]	February 2020
FCA letter to ISDA on an unrepresentative LIBOR[54]	January 2020
FCA and PRA Dear SMF letter: Next steps on LIBOR transition[55]	January 2020
Conduct risk during LIBOR transition[56]	November 2019
Feedback on the Dear CEO letter on LIBOR transition[57]	June 2019
FCA and PRA Dear CEO LIBOR letter[58]	September 2018

Financial Stability Board publications

Title	Date
Final Reflections on the LIBOR Transition[59]	July 2023
FSB Statement to Encourage Final Preparations for the USD LIBOR transition[60]	April 2023
FSB Statement to Support Preparations for LIBOR Cessation[61]	November 2021
FSB issues statements to support a smooth transition away from LIBOR by end 2021[62]	June 2021
FSB encourages broad and timely adherence to the ISDA IBOR Fallbacks Protocol[63]	October 2020
Global transition roadmap for LIBOR[64]	October 2020
Supervisory issues associated with benchmark transition: Report to the G20[65]	July 2020
FSB statement on the impact of COVID-19 on global benchmark reform[66]	July 2020
User’s guide for overnight RFRs[67]	June 2019
Interest rate benchmark reform – overnight risk-free rates and term rates[68]	June 2018
Reforming Interest Rate Benchmarks[69]. Note: annual progress reports following the July 2014 report can also be found on the FSB website[70]	July 2014

IOSCO publications

Title	Date
Statement on Alternatives to USD LIBOR [71]	July 2023
Statement on Credit Sensitive Rates[72]	September 2021
Statement on Benchmarks Transition[73]	June 2021
Statement on Communication and Outreach to Inform Relevant Stakeholders Regarding Benchmarks Transition[74]	July 2019
Statement on Matters to Consider in the Use of Financial Benchmarks[75]	January 2018

Other external publications

Title	Date
CFTC announcement on SOFR First for Additional Cross-Currency Derivatives[76]	December 2021
Federal Reserve issue Answers to Frequently Asked Questions on the Transition Away from LIBOR[77]	November 2021
Joint Statement on Managing the LIBOR Transition from US federal financial institution regulatory agencies[78]	October 2021
CFTC announcement on SOFR first for non-linear derivatives[79]	October 2021
CFTC’s Market Risk Advisory Committee’s Interest Rate Benchmark Reform Subcommittee Recommends SOFR First[80]	June 2021
Financial Services Act 2021[81]	May 2021
Descending safely: Life after Libor[82]	May 2021
ISDA webinar – The Path Forward for LIBOR and transcript[83]	December 2020
Joint Statement on LIBOR Transition from US federal financial institution regulatory agencies[84]	November 2020
Calling time on LIBOR: Why you need to act now[85]	January 2020