NatWest to quit US dollar Libor panel at year-end
Fifteen banks will continue submitting US dollar Libor quotes until mid-2023
NatWest Group will withdraw from the panel that sets US dollar Libor rates at the end of this year, Risk.net has learned, taking the number of banks submitting quotes for the benchmarks down to 15.
In August 2017, NatWest – then known as Royal Bank of Scotland Group – agreed to continue submitting quotes for Libor until the end of 2021, after which point the UK’s Financial Conduct Authority (FCA) said banks would be free to stop supporting the rates.
Last year, Libor’s administrator proposed
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