The Working Group on Sterling Risk-Free Reference Rates has launched a consultation on term SONIA reference rates (TSRRs). It seeks feedback on specific recommendations and encourages market participants to take forward work on the development of robust TSRRs, which members anticipate could be available in the second half of 2019.
The sterling RFR working group has re-opened the consultation paper on term SONIA reference rates. Responses already received provide a deep and rich insight into the topic. However, some market segments and smaller firms have been unable to respond. To ensure that these counterparties are fairly represented in the outcome, the deadline for responses to this consultation was extended to 26 October 2018.