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Carney asked about readiness and gaps to........>

BOE
BOE: Carney asked about readiness and gaps to replace LIBOR.
Across currencies there are different preparedness. LIBOR panels which are
overseen by FCA are going to end in 2021. So LIBOR will end in 2021. Substitutes
are getting in place with SOFR and SONIA. Liquidity is getting in place. Big
issue is legacy products and in US some tax/accounting issues.

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