Protocol delay casts doubt on Libor death knell timing

Two-month delay to Isda fallback protocol leaves FCA’s planned end-2020 statement in the balance


The timing of the Financial Conduct Authority’s announcement detailing Libor’s demise now looks uncertain after the International Swaps and Derivatives Association confirmed it would postpone the effective date of its fallback protocol to January.

The UK regulator told the market in June there is “a good case” for making a formal announcement about the timing and manner of Libor’s discontinuation once the Isda protocol became effective – originally earmarked for November.

With Isda struggling

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here