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Written question asked by Baroness Noakes (Conservative) on Tuesday, 27 April 2021, in the House of Lords. It was due for an answer on Wednesday, 12 May 2021. It was answered by Lord Agnew of Oulton (Conservative) on Thursday, 29 April 2021 on behalf of the Treasury.


LIBOR: SONIA

Question

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.

Answer

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.


Secondary information

Type
Written question
Reference
HL15305
Session
2019-21
Subjects
LIBOR SONIA
Link
View this Written question on www.parliament.uk