Update 10 June: A number of the Working Group milestones included in this letter have since been revised to take into account the impact of the Covid-19 pandemic. Where appropriate, supervisors have contacted the relevant firms to confirm the supervisory expectations related to the RFRWG targets (originally published on 16th January 2020) continue to apply to the amended target on new GBP Libor linked lending maturing after 2021.
Published on
16 January 2020
Letter