Financial news

SE: BOE Sees Good Progress on Transition From Libor to SONIA

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Bloomberg Markets & Finance via Youtube


Jun.05 — Bank of England Deputy Governor for Markets and Banking David Ramsden discusses the phasing out of the London interbank offered rate (Libor) and progress on financial firms’ transition to the Sterling Overnight Index Average (SONIA) as a replacement rate for floating rate notes and derivatives. Ramsden speaks on “Bloomberg Surveillance.”

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