Released 23 March 2021
The European Commission (EC) has launched a consultation on the designation of a statutory replacement rate for CHF LIBOR.
The aim of the consultation is to assess the suitability of designating a statutory replacement rate for CHF LIBOR in mortgages and small business loans concluded prior to the entry into application of the EU Benchmark Regulation and governed by the laws of one of the EU Member States.
The consultation runs until 18 May 2021.
Further information can be found at https://ec.europa.eu/info/consultations/finance-2021-chf-libor-rate_en.