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SONIA and LIBOR: The end of an infamous benchmark
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04 May
2018

SONIA and LIBOR: The end of an infamous benchmark

  • 4th May 2018
  • Tom Bicknell

On 23rd April, the Bank of England took over the administration of the benchmark rate known as SONIA (Sterling Overnight Index Average), and issued a series of reforms to the well-established benchmark as part of its implementation as a replacement to LIBOR. As a consequence of the LIBOR scandal in 2012, a Bank of England..