FSB aims to curb transition risks with industry roadmap
Report from FSB, Basel Committee sets out recommendations for speeding transition
Policy-makers call on industry to continue shift toward new benchmarks by the end of 2021
Replacing the financial benchmark by the end of 2021 is still possible despite the pandemic
Move to transaction-based benchmark follows LIBOR scandal
The U.K. regulator is committed to a 2021 end for LIBOR, but admits interim steps may be affected
Pricing, competition and emerging risks are the focus of the regulator's review
Global policy group highlights issues for G20
The central bank will start publishing the interest rate benchmark in June
ESMA makes recommendations for a new oversight regime