
Differing European approaches may hamper Ibor transition
While sterling shifts to Sonia, efforts to save Euribor create euro multi-rate uncertainty

Regulators in the UK and eurozone have opposing visions for the end state of benchmark reform, creating a challenge for buy-side firms as they are urged to make concrete plans on how they will transition to new risk-free rates.
While the UK’s Financial Conduct Authority warns of Libor’s eventual death after 2021, when panel banks are no longer compelled to contribute to the rates, regulators and policy-makers across the eurozone believe a reformed Euribor rate could continue indefinitely
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