The FCA has confirmed the proposed rules and principles around the permitted use of synthetic LIBOR. We have heard clapping from the market, but is synthetic LIBOR a silver bullet or a tool to buy us all some more breathing space for now, without being the long-term solution.

In this episode, Laura Talvitie is joined by Sarah Mrkusic and Michael Dawes. Sarah is a finance lawyer and Senior Legal Consultant in PwC’s NewLaw team. Michael is a Senior Manager in PwC’s Regulatory Conduct team with an extensive background in LIBOR transition.