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The knowledge platform for the financial technology industry

A-Team Insight Briefs

Treasury Announces Plans to Amend Benchmarks Regulation

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The UK Government has confirmed plans to introduce new legislation to amend the Benchmarks Regulation to give the FCA more power to manage and direct an orderly wind-down of critical benchmarks such as LIBOR. The new powers proposed will be available where the FCA has found that a critical benchmark is not representative of the market it seeks to measure and representativeness will not be restored.

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