Regulator calls for term Sonia as transition talk ramps up

Schooling Latter throws scepticism on Libor reform efforts

Edwin Schooling Latter, FCA: market must wean itself off Libor as soon as possible montage

The group tasked with finding an alternative rate to sterling Libor is set to launch a public consultation on developing a term market for the new rate, says a senior official at the UK financial regulator.

The move is part of wider plans to develop a suite of risk-free rates to replace the Libor benchmark, which faces an uncertain future after 2021, when banks will no longer be compelled to submit rates to the administrator.

“There is a community of users that tell us they have economic or

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here