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#SerleShare - LIBOR Transition and Managing Competition Law Risk

#SerleShare - The market transition away from LIBOR as an important interest rate benchmark, with the anticipated introduction of a market-wide successor or ‘risk-free’ rate as early as 2021/22, raises a number of unresolved legal issues.

Over the last decade, the manipulation of financial benchmarks such as LIBOR has attracted regulatory and competition law scrutiny globally, with swingeing penalties imposed by the European Commission, amongst others.

As a new chapter dawns on international regulation of benchmarks, Professor Suzanne Rab considers the extent to which competition issues may be back on the competition law enforcement agenda, or whether any remaining concerns inherent in the new approaches are better tackled by other regulatory bodies and instruments.

Suzanne has been invited by Butterworths Journal of International Banking and Financial Law to write a Feature Article on LIBOR transition and managing competition law risk.  The article can be found in the February 2021 edition (Volume 36, Issue 2, 1 February 2021), and at the following link here.

Suzanne advises on competition law and regulatory matters in the financial services sector, in relation to behavioural matters, mergers and market investigations. Suzanne has wide experience of advising on supervision, investigations and enforcement under the Financial Services and Markets Act 2000.

Please watch the SerleShare video below.