FINRA Shares Practices Firms Implemented to Prepare for the LIBOR Phase-out

FINRA reminds firms to evaluate their exposure to LIBOR (formerly, the London Interbank Offered Rate), and review their preparedness to manage LIBOR’s phase-out. To understand how firms are preparing for that phase-out, FINRA surveyed a representative cross-section of member firms, including some firms with significant trading volume or positions in LIBOR-linked securities. This Notice provides a summary of the results of the survey.

Press release:

https://www.finra.org/rules-guidance/notices/20-26?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FinraNotices+%28FINRA+Notices%29