FCA unfazed by ‘inflated’ sterling Libor swaps trading

Regulator says high volume of new Libor swaps traded since April 1 is linked to risk reduction

FCA mulls legal powers for USD Libor holdouts

A senior UK regulator has dismissed concerns about the continued use of Libor in sterling derivatives markets, despite the fading benchmark underpinning nearly half of swaps notional traded since April 1, when participants were told to ditch the rate in all but risk-reducing trades.  

Edwin Schooling Latter, director of markets and wholesale policy at the UK’s Financial Conduct Authority, said the “40-odd per cent” of sterling swaps trades linked to Libor since the Bank of England and FCA

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? 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 Risk.net 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