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Coronavirus Prompts UK Market Watchdog to Extend LIBOR Replacement Deadline

The UK Financial Conduct Authority (FCA) has extended the deadline for ending the use of the London Interbank Offered Rate (LIBOR) for new loans until the end of March next year in a bid to give borrowers and banks more breathing room as the market migrates to the Sterling Overnight Index Average (SONIA).

Apr 30, 2020 // 10:00AM

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