FSB Chair Randal K. Quarles’ letter to the G20 ahead of their July virtual meeting.
LIBOR and other benchmarks
15 July 2020
Report on COVID-related financial stability implications, policy measures taken and work to assess their effectiveness.
FSB delivers Chair’s letter and report on COVID-related financial stability implications to the G20.
Report on the remaining challenges in transitioning from LIBOR, with recommendations to support transition.
Report recommends actions to facilitate financial and non-financial firms’ transition from LIBOR by end-2021.
Financial and other firms should continue to ensure that their transition programmes enable them to transition to LIBOR alternatives before end-2021.