FSB Chair Randal K. Quarles’ letter to the G20 Finance Ministers and Central Bank Governors ahead of their July meeting.
LIBOR and other benchmarks
7 July 2021
Chair’s letter also highlights policy proposals to enhance the resilience of money market funds and the importance of completing LIBOR transition.
This report looks at recent progress made on LIBOR transition and stresses the need for urgent action by the end of 2021
With limited time left until end-2021, all firms across the globe must act urgently to complete the steps set out in the Global Transition Roadmap.