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Volatility threatens Libor replacement, Poland’s role in the EU

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Volatility threatens Libor replacement, Poland’s role in the EU

Tuesday 3 March 2020  –  Vol.11 Ed.10.1

Commentary: Volatility threatens Libor replacement

By Oonagh McDonald

The UK’s regulatory authorities have decided not to require banks to make submissions to the London interbank offered rate (Libor) after the end of 2021. Both the UK and the US regulators have selected alternatives to Libor; the sterling overnight index average (Sonia) for the Bank of England and the secured overnight financing rate for the US. Neither rate has Libor’s qualities: a forward-looking yield curve with a built in credit risk premium.

Read the full commentary on the website.

Tadeusz Kościński

Meeting: The role of Poland in the EU

Friday 6 March, London, 12:45-14:30 GMT

Negotiations on the European Union’s multiannual financial framework for 2021-2027 are ongoing, and will set the stage for the future path of the EU. As the bloc’s largest non-euro member state by size of economy, Poland is coming into the spotlight. Tadeusz Kościński, the Polish finance minister, will discuss the country’s macroeconomic outlook and investment landscape, and the state of its public finances. Further topics will include Poland’s position in the EU and UK-Polish relations.

Request to attend the meeting.

 

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