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Regulators have made clear firms need to end their reliance on LIBOR by end-2021. LIBOR is a benchmark rate which underpins hundreds of trillions of financial products for customers globally, including derivatives, bonds and loans. For some UK Finance members it could be a bigger challenge than Brexit. We are committed to supporting members with this transition. We are leading the way on mortgages and commercial loans, and engaging with the wider industry on a range of products. We recognise that keeping our members informed on developments, challenges, and industry approaches will be critical in the transition process. The Working Group for Sterling Risk Free Reference Rates Find out more about the work the national industry Working Group is doing to facilitate the transition from LIBOR via the RFR Working Group's webpage. Click here Term SONIA Reference Rate Provider Presentations - October 2020 View presentations here
10/03/2021
UK Finance with the support of TLT, has developed a ?Frequently Asked Questions? document for retail mortgage customers on LIBOR transition.
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26/02/2021
To support the business community, UK Finance with ACT, CBI, ICAEW and LMA has created this simple introductory guide to help businesses understand what it means for them, what they can do, and where they can go for more information.
12/02/2021
Daniel Cichocki, Director, LIBOR Transition, UK Finance, looks at a critical year of transition ahead with the discontinuation of LIBOR.
This guide is intended as useful toolkit for members to support their engagement for the move away from LIBOR and to sign post to the relevant information to support preparations.
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IBA LAUNCHES RFR INDEXES
21/09/2021
IBA launches ICE RFR Indexes for U.S. Dollar, Euro and Japanese Yen
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IOSCO STATEMENT ON CREDIT SENSITIVE RATES
08/09/2021
Statement from the International Organisation of Securities Commissions
REFINITIV LAUNCHES USD IBOR CASH FALLBACKS PROTOTYPES
11/08/2021
Refinitiv launches prototype to facilitate industry transition from USD LIBOR
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CRITICAL BENCHMARKS (REFERENCES AND ADMINISTRATORS' LIABILITY) BILL
Critical Benchmarks (References and Administrators' Liability) Bill introduced to the House of Lords
RFR WORKING GROUP MONTHLY NEWSLETTER
03/09/2021
Monthly newsletter for August 2021
US BILL FOR TOUGH LEGACY LIBOR CONTRACTS PROCESS ADVANCES
30/07/2021
The House Financial Services Committee voted to advance the Bill
STATEMENT SUPPORTING CROSS-CURRENCY SWAP MARKET 'RFR FIRST' INIATIVE
21/07/2021
Regulator joint statement encouraging cross-currency swaps market switch to RFRs
Stay up to date on the RFR Working Group's latest priorities and milestones.
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