ICE Benchmark Administration Offers Update on Cessation of Final LIBOR Settings

Intercontinental Exchange (ICE) has confirmed that ICE Benchmark Administration (IBA), the FCA authorised and regulated administrator of LIBOR, has provided an update on the cessation of sterling LIBOR. In line with feedback from its June 2022 consultation and previous statements, the FCA has used its powers under UK Benchmarks Regulation (UK BMR) to require IBA...