(2)The Financial Conduct Authority of the United Kingdom (UK FCA) has announced the cessation of certain LIBOR benchmarks, including CHF LIBOR, by the end of 2021. That cessation is due to concerns about whether LIBOR, in certain of its settings, adequately represents an underlying market or an economic reality that is reflective of a wholesale, unsecured funding market. Those concerns find their origin in the unwillingness of the majority of LIBOR panel banks to continue contributing to the LIBOR settings concerned, as announced by IBA on 5 March 2021 in its ICE LIBOR Feedback Statement on Consultation on Potential Cessation.