LIBOR-SONIA NEWSFLASH 9th March 2021

Risk Free Reference Working Group (“RFRWG”) announces cessation of published LIBOR rates On 5th March 2021 the RFRWG announced that ICE Benchmark Administration (“IBA”), which administers and publishes LIBOR settings for all currencies, will cease to publish such rates beyond 31st December 2021. The Financial Conduct Authority (“FCA”) has confirmed that it will not compel…