FCA’s synthetic Libor plan could trigger US legal disputes

- By Helen Bartholomew
- @HelenBarthol
- 05 Dec 2022

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The UK Financial Conduct Authority’s plan to compel the publication of a synthetic version of US dollar Libor could generate a wave of legal disputes over whether loan contracts governed by US law can re-hitch to contractually agreed alternative rates in June 2023.

Synthetic US Libor is intended to deal with a tail of international ‘tough legacy’ contracts that are not covered by a US legislative fix – the US Libor Act, which provides a safe harbour for US law contracts to be switched over to

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 print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net