BoE and FCA give new SONIA transition mandate to working group on sterling risk-free reference rates | Practical Law

BoE and FCA give new SONIA transition mandate to working group on sterling risk-free reference rates | Practical Law

The Bank of England (BoE) and the FCA have announced that its working group on sterling risk-free reference rates (RFRs) will, from January 2018, have an extended mandate relating to the transition to the Sterling Overnight Index Average (SONIA) interest rate benchmarks.

BoE and FCA give new SONIA transition mandate to working group on sterling risk-free reference rates

by Practical Law Financial Services
Published on 29 Nov 2017 • United Kingdom
The Bank of England (BoE) and the FCA have announced that its working group on sterling risk-free reference rates (RFRs) will, from January 2018, have an extended mandate relating to the transition to the Sterling Overnight Index Average (SONIA) interest rate benchmarks.