Bank of England adopts Sonia reference rate in UK Treasury swap programme
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Richard Heckinger highlights possible pitfalls on the road to new reference rates
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Greater integration between advanced and emerging market economies during globalisation has made both more susceptible to risk of spillover – financial contagion and volatility. As the US continues to normalise its monetary policy, deputy governor of…
Deputy governor warns current fallback measures may not be enough to mitigate transition disruption
New rate should fully replace Eonia by beginning of 2022, ECB says