Libor leaders: BMO sets the pace in RFR transition

Early mover switches £10 billion of pension liability swap hedges to Sonia

BMO Global Asset Management has already moved much of its swap exposure to Sonia

This article is part of a series on the practical aspects of Libor transition. Find the rest of the coverage here.

Liability-driven investment (LDI) funds are known as some of the biggest and most sophisticated counterparties in the sterling swap market.

Even so, senior bankers raise their eyebrows in surprise when told that one fund has already managed to move nearly all of its swap exposure off sterling Libor and onto its replacement, Sonia.

The firm, BMO Global Asset Management

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: