Clifford Chance
LIBOR Transition - changes to the UK and EU OTC derivatives clearing and trading obligations
16 December 2021
The UK and the EU are making different changes to the scope of their respective OTC derivatives clearing and trading obligations to reflect the planned transition from LIBOR to risk-free rates.
This briefing summarises and compares the changes made by the Bank of England and the FCA to the UK clearing and trading obligations and those proposed to be made by ESMA to the EU clearing and trading obligations.
