Banks agree to support LIBOR until 2021

An agreement has been reached between the FCA and the banks on the panels that produce the LIBOR rates that this format will be supported until 2021. However, it seems that the benchmark will move away to either SONIA or another alternative.

https://uk.reuters.com/article/uk-britain-libor-regulator/uk-watchdog-says-banks-agree-to-back-libor-until-2021-idUKKBN1DO0VX