BoE's Sonia fixation complicates secured rate transition

Bank's continuation of Sonia could jeopardise shift to secured rate as Libor replacement

bank-of-england-2016
Bank of England: plans to continue publishing Sonia are complicating Libor replacement moves

Supplanting Libor with a secured rate as the main reference for derivatives contracts could be complicated by Bank of England (BoE) plans to continue publishing Sonia, the sterling unsecured ove