Lloyds, San UK switch out of Libor, BPI rep now EU-based
Posted on 6 January 2021
Lloyds and Santander UK on 18 December won approval to switch the relevant basis for outstanding dollar and sterling benchmarks, respectively, to Sonia and SOFR, while BPI has gained consent to switch to an EU-based common representative ahead of the end of the Brexit transition period...
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