Regulatory Notice 20-26

Summary:

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.

Questions concerning this Notice should be directed to:

• William Bidell, Director, Market Regulation, at (646) 315-8525 or by email;
• Roberto Setola, Senior Director, Member Supervision, at (202) 728 8035 or by email;
• Pat Tobin, Director, Member Supervision, at (212) 416-1505 or by email.

View Full Notice Here: