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RFRs Working Group publishes statement on SONIA in bond markets and roadmap on discontinuation of new GBP LIBOR lending

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Published on: 12 March 2020
Published by LNB News

LNB News 12/03/2020

Document Information

Issue Date: 12 March 2020

Published Date: 12 March 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Working Group on Sterling Risk-Free Reference Rates (RFRs) has published a statement on bond market conventions: ‘Use of the SONIA Index and weighting approaches for observation periods’, and a roadmap: ‘Path to discontinuation of new GBP LIBOR lending by end-Q3 2020’.

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