Investment managers making progress on LIBOR transition - IA

Investment into SONIA products underway

David Brenchley
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The IA's Galina Dimitrova
Image:

The IA's Galina Dimitrova

Asset managers have made "significant progress" in the transition away from LIBOR-linked benchmarks, with two-thirds having invested in instruments linked to its replacement, SONIA, in 2019, the Investment Association (IA) has said.

In a statement, the IA said 92% of its members it surveyed had assessed their exposure to LIBOR, with 70% having reduced their exposure through 2019 and 65% having already invested in instruments based...

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