FCA: dealer polls pose further Libor transition hurdle
Schooling Latter warns further work needed to migrate products that require dealer quotes when Libor ceases
The UK Financial Conduct Authority’s Edwin Schooling Latter has warned market participants not to become complacent during the final leg of Libor transition, highlighting that hurdles remain in the form of dealer polls and synthetic Libor.
Speaking at Risk.net’s Libor Telethon on December 8, the FCA’s director of markets and wholesale policy said: “It’s a good sign that our FCA inboxes are not full of known problems that will emerge in January. [However], there is one issue on which we have had
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