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Benchmark Strategies Forum, April 13, 2021, Opening Remarks, Scott O’Malia, ISDA Chief Executive Date 13/04/2021 Hello everyone, and welcome to the Benchmarks Strategies Forum. I’d like to take this opportunity to thank CME Group for supporting this event once again. I know CME is as passionate as we are about raising awareness on benchmark reform, so we’re delighted to be able to work together again on this event. It’s more than a year since our first Benchmark Strategies Forum in London and New York, but a huge amount of progress has been made over that time. Most importantly, we now have clarity following the Financial Conduct Authority’s (FCA) March 5 announcement, which effectively heralded the death of LIBOR. We know for sure which LIBOR settings will end on which date, and which tenors will become non-representative.

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