UPDATE 1-UK watchdog sets deadline for Libor interest rate swaps <!-- no image --> <div>Britain's Financial Conduct Authority (FCA) said on Thursday it wants banks to stop offering Libor-based interest rate swap contracts from the first quarter of next year.<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=8HXcLKNWA-g:SXdWg95v98A:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=8HXcLKNWA-g:SXdWg95v98A:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=8HXcLKNWA-g:SXdWg95v98A:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=8HXcLKNWA-g:SXdWg95v98A:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=8HXcLKNWA-g:SXdWg95v98A:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/8HXcLKNWA-g" height="1" width="1" alt=""></div> Posted by Reuters