The European Supervisory Authorities made final revisions to report on bilateral Margin Regulatory Technical Standards requirements in order to align with the Basel Committee and IOSCO international framework.
The Financial Accounting Standards Board requested comments on a proposed "Accounting Standards Update" aimed at easing potential accounting burdens on loan market participants presented by the LIBOR transition.
Chief Executive of the UK Financial Conduct Authority Andrew Bailey unveiled a plan to phase out the London Interbank Offered Rate by the end of 2021.
UK Financial Conduct Authority Chief Executive Andrew Bailey called for accelerated efforts to transition away from LIBOR. The Financial Stability Board also published a statement on the development and adoption of overnight risk-free rates.