Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today noted that the UK Financial Conduct Authority (FCA) will compel ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR®, to publish the 1-, 3- and 6-Month sterling and Japanese yen LIBOR settings under a changed, unrepresentative, “synthetic” methodology for
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Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, announced that ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR®, has today published a feedback statement for the consultation on its intention to cease the publication of LIBOR® settings.
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Despite the vast challenges caused by the coronarvirus pandemic, financial markets are continuing their preparation for a historic moment: from the end of next year risk-free rates (RFRs) will replace the London Interbank Offered Rate (LIBOR) for the calculation of interest rates.
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