Regulatory Notice 20-26 | FINRA.org
finra.orgSummary FINRA reminds firms to evaluate their exposure to LIBOR (formerly, the London Interbank Offered Rate), and review their preparedness to manage LIBOR’s phase-out. To understand how firms are preparing for that phase-out, FINRA surveyed a representative cross-section of member firms, including some firms with significant trading volume or positions in LIBOR-linked securities. This Notice provides a summary of the results of the survey. Questions concerning this Notice should be directed to: William Bidell, Director, Market Regulation, at (646) 315-8525 or by email; Roberto Setola, Senior Director, Member Supervision, at (202) 728 8035 or by email; Pat Tobin, Director, Member Supervision,