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FCA hails success of UK Sonia transition

Adobe_Libor_575x375_28April2020

The UK should be seen as the “poster child” of the transition from inter-bank offered rates (Ibors) to risk-free rates, said a spokesperson from the Financial Conduct Authority, speaking at Global ABS 2020 on Wednesday, who urged the ABS market to turn towards solving the problem of legacy issuance.

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