The U.K.’s transition away from using Libor, the agreed interest rate at which banks lend to each other, is set to generate a flood of disputes, leading legal advisers believe.

Market regulator the Financial Conduct Authority released a set of documents outlining the transition plan on Thursday, with the scandal-ridden benchmark rate set to be phased out by the end of 2021.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]