Sterling LIBOR Transition to SONIA: Important Work Remains to be Done in 2022

Corporate & Institutional

235,900: This figure represents the number of contracts in the UK that have yet to transition from reliance on London Interbank Offered Rates (LIBOR) to the new Sterling Overnight Index Average, or SONIA, according to January 2022 data from the Financial Conduct Authority (FCA). These contracts include interest-rate derivatives, bonds, securitisations, loans, mortgages and other products. They represent £472 billion in value, per the FCA.

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Webinar: “A Dark Day for Europe.” The World Reacts.

Investment Management

On February 25, Wilmington Trust’s Chief Investment Officer Tony Roth hosted a webinar, “A Dark Day for Europe. The World Reacts,” which addressed how the Russia-Ukraine conflict could impact the U.S. and global economies as well as portfolios. He was joined by Chief Economist Luke Tilley, Head of Investment Strategy Meghan Shue, and Senior Portfolio Manager Mark Horst.

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