Corporates start amending contracts to reference Sonia

Thomas Helm,

London

May 22, 2019

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Associated British Ports may be the first to begin updating problematic legacy contracts to reference Sonia rather than Libor. Bankers view it as a test case

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Thomas Helm

Financial journalist

Thomas has worked for a variety of media outlets, including Kashmir Observer, La Vanguardia, and Hürriyet Daily News. His long report "The Accumulative Impact of Post-Crisis Regulation" was the first journalistic attempt to survey the impact of post-2008 reforms on financial markets. He is currently focused on Brexit, Mifid II, market structure issues, and sustainable finance.

London