
This article was paid for by a contributing third party.More Information.

Sonia's next-level problems
The panel
- Dan Marcus, chief executive, Trad-X
- Robert de Roeck, head of investment solutions, Aberdeen Standard
- Gerard Jacob, partner, benchmark practice, Parker Fitzgerald
- Maurizio Garro, senior lead, Ibor transition programme, Lloyds Banking Group
- Moderator: Helen Bartholomew, editor-at-large, Risk.net
The UK had a head start in its Libor reform efforts with the sterling overnight index average (Sonia), a mature overnight rate with a robust underlying market.
Sonia’s existence has taken the UK past some of the early challenges facing the euro and US dollar markets, but others await: liquidity continues to be concentrated at the front end of the curve; live, streaming prices do not yet exist, hampering prospects for a term version of the benchmark; and there has been little adoption of Sonia in bond and loan markets.
In this webinar, a panel of experts explores the challenges caused by the transition to Sonia.
Sponsor content
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net