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)