For the major IBORs, reform efforts have focused on strengthening their resilience and reliability, including ensuring that they are underpinned by transaction data to the greatest extent possible. But what is perhaps most pertinent is the looming 2021 deadline for when the Financial Conduct Authority will no longer compel banks to contribute to the London Interbank Offered Rate (LIBOR).
Special thanks also to the Ministry of Education, especially the Acting Permanent Secretary, for supporting our “be Money $ Program and also for assisting us in relaying the awareness to all schools in a timely manner.