 In accordance with these conclusions, the UK Financial Conduct Authority decided to decommission LIBOR gradually, with official discontinuation set for 2021.In 2013, Oliver Wyman was hired by the International Swaps and Derivatives Association to address a similar case of manipulation of the worldwide common reference rate value for fixed interest rate swap rates, also known as ISDAFIX.The firm invented the current methodology to calculate the value based on regulated electronic trading quotes.