Tag Archives: LIBOR

The British Government is giving the FCA new powers to deal with tough legacy – are they actually going to help?

Read time: 5 minutes 45 seconds The Financial Conduct Authority (FCA) is to be given new powers to make changes to the methodology of LIBOR for certain “tough legacy” contracts. The UK Government has announced that it intends to bring forward legislation amending the Benchmarks Regulation 2016/1011 as amended by the Benchmarks (Amendment) (EU Exit) … Continue Reading

Wherefore art thou, LIBOR?

The phrase “Lehman fallout” has become almost white noise in the financial world.  Everything and anything has been attributed to the demise of the onetime banking giant.  At the risk of sounding cliché, everything has indeed changed because of the collapse of Lehman.  Apart from the obvious, the failure of Lehman has opened the floodgates … Continue Reading
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