UK FCA gives guidance on conduct risk during LIBOR transition

LIBOR will no longer be available from the end of 2021, and the UK Financial Conduct Authority (FCA) expects firms to take appropriate steps to ensure they can transition to alternative risk-free reference rates before this date. The regulator has now published some Q&As on conduct risk during LIBOR transition, setting out what it expects from firms during this process, with a focus the effective management of prudential, operational and conduct risks.

In this article, we review the FCA's Q&As and explain what firms need to do to get ready on time.

Click here to read the full article on Hogan Lovells Engage.

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