FCA Announces Decision on
Synthetic USD LIBOR

The FCA has announced that it will compel LIBOR's administrator (ICE) to continue publishing 1-, 3- and 6-month USD LIBOR settings using an unrepresentative 'synthetic' methodology until September 2024.

Use of the synthetic LIBORs will be completely prohibited in new contracts and should only be allowed for legacy contracts.

For details click here.

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Principia Partners LLC provides solutions for derivative and fixed income operations. Global financial institutions and independent asset managers have used the award-winning Principia Analytic System since 1995 to unify valuations, portfolio management, risk surveillance, hedge accounting and operational control across the breadth of fixed income and derivative products. In 2015, Principia launched its Analytic Service, pasVal, to make its award-winning pricing and analytics available to an even broader range of businesses.