The FCA has published a statement on the panel banks for the London Interbank Offered Rate (LIBOR) benchmark. The statement notes that all 20 of the LIBOR panel banks have agreed to support the LIBOR benchmark and to remain submitters until 2021. Based on this support until the end of 2021, the FCA expects to focus on developing alternative rates and working towards a transition that can be executed smoothly.

View FCA statement on LIBOR panel banks, 24 November 2017