The loan market still needs “much more work” in shifting away from Libor, as do its derivatives, the Bank of England warned on Monday.
Libor is expected to be discontinued after 2021, and while some floating rate markets have made progress in finding replacements — notably the sterling Sonia bond market and to a lesser extend the dollar Sofr market — the loan market is still pricing deals against Libor that are
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.