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BRIEF-Britain's financial watchdog says 20 panel banks agree to support LIBOR benchmark
November 24, 2017 / 7:27 AM / 19 days ago

BRIEF-Britain's financial watchdog says 20 panel banks agree to support LIBOR benchmark

Nov 24 (Reuters) - Financial Conduct Authority

* ‍FCA- STATEMENT ON LIBOR PANELS​

* FCA- ‍HAS CONFIRMED THAT ALL 20 OF PANEL BANKS HAVE AGREED TO SUPPORT LIBOR BENCHMARK ENSURING SUSTAINABILITY OF RATE UNTIL 2021​

* FCA- ‍FCA WELCOMES SUPPORT AND AGREEMENT OF ALL BANKS TO REMAIN AS SUBMITTERS UNTIL 2021​

* FCA- ‍THERE WILL BE TWO AMENDMENTS TO INDIVIDUAL PANEL COMPOSITIONS​

* FCA- ‍SOCGEN WILL CEASE SUBMISSIONS TO US DOLLAR PANEL AND CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK WILL CEASE SUBMISSIONS TO JAPANESE YEN PANEL​

* ‍FCA- DOES NOT EXPECT TO SEE ANY FURTHER CHANGES TO LIBOR PANELS​

* ‍FCA- EXPECTS FOCUS TO TURN TOWARDS DEVELOPING ALTERNATIVE RATES AND WORKING TOWARDS A TRANSITION THAT CAN BE EXECUTED SMOOTHLY​ Further company coverage:

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