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Stock impact report

ICE Benchmark Administration Provides Update Regarding the Cessation of U.S. Dollar LIBOR®

Intercontinental Exchange Inc. (ICE) 
Last intercontinental exchange inc. earnings: 4/30 07:30 am Check Earnings Report
US:NYSE Investor Relations: ir.theice.com
Company Research Source: Business Wire
LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today announced that ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR®, has provided an update regarding the cessation of U.S. dollar LIBOR®.In line with previous statements, the U.K. Financial Conduct Authority (FCA) has decided to exercise its powers under the U.K. Benchmarks Regulation (U.K. BMR) to compel IBA to continue to publish the 1-, 3- and 6-Month “synthetic” U.S. dollar LIBOR settings using an unrepresentative “synthetic” methodology until September 30, 2024.The FCA has stated that it has no intention to compel publication beyond this date and has issued a reminder of the expected cessation of these final three remaining LIBOR settings after publication on Monday, September 30, 2024. No new LIBOR settings are expected to be published following this date.“Synthetic” LIBOR settings that are required to be pu Show less Read more
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