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The FCA and the Bank of England encourage market participants in further switch to SONIA in interest rate swap markets

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  • The FCA and the Bank of England encourage market participants in further switch to SONIA in interest rate swap markets


    A key milestone recommended by the Working Group on Sterling Risk-Free Reference Rates (‘the Working Group’) is to cease initiation of new GBP LIBOR l



    https://www.fca.org.uk/news/statemen...e-swap-markets
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