Benchmark reform

Major reference rates are going through their biggest ever global reform in a bid to get away from the market manipulation scandals which contaminated Libor.

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Large institutions have already issued bonds linked to new benchmarks such as Sofr and Sonia

Authorities attempt to wean investors, companies and banks off -ibor benchmarks

Authorities appear to have run out of patience with uncoordinated approaches

Latest step in replacing scandal-hit Libor benchmark also achieves tightest pricing

Culmination of US efforts to phase out old benchmark after rigging scandal

Deutsche Bank treasurer says shaking free of the benchmark will be a bigger challenge than Brexit