Libor reform: market not sold on Sonia

Market participants call the LSE's new three-month Sonia an "irrelevant" index that no one is using, as enduring ambiguity about the future of benchmarks begins to affect long-dated floating rate bond sales. Here firms reveal the fall-back provisions they are exploring in documentation, though unsurprisingly, there's little consensus

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This landmark Brexit survey reveals how capital market participants are responding to the UK's exit from the EU, as both buy and sellside firms discuss their struggle with internal politics, novations and relocation preparations.