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LIBOR: SONIA

Question for Treasury

UIN HL15305, tabled on 27 April 2021

To ask Her Majesty's Government what is their response to the letter dated 21 April from the Chairman of the Working Group on Sterling Risk-Free Reference Rates to the Economic Secretary to the Treasury in respect of safe harbour provisions to support the wind-down of LIBOR and the transition to SONIA.

Answered on

29 April 2021

The Government will respond to the letter from the Chair of the Working Group on Sterling Risk-Free Reference Rates in due course.

The Government has committed to updating the House as appropriate on the outcome of the February consultation on supporting the wind-down of critical benchmarks.

Answered by

Treasury