BBA has responded to concerns that it planned to implement key changes to the LIBOR regime too quickly by amending its timetable. Now:
- tenors being removed from all currencies in the LIBOR framework will go at the end of May 2013 (rather than January 2013);
- publication of Australian and Canadian Dollar fixings will stop at the end of May 2013, rather than the end of February and March 2013; and
- for those currencies that remain in the LIBOR framework after May 2013, the two-month tenor will stay.
(Source: Strengthening LIBOR – Feedback Statement)