Fund managers are split on whether products currently referenced to LIBOR should be seamlessly updated to SONIA when the old benchmark ceases to exist . Some , anticipating difficulties moving existing products to the new benchmark , have started selling LIBOR - referenced products . While the BoE ’s working group ’s report , published in July , includes a number of recommendations , concerns remain that these recommendations do not eliminate all the risks related to the transition from LIBOR .
Fund managers are split on whether products currently referenced to LIBOR will be seamlessly transferred to SONIA when the old benchmark ceases to exist. Some, anticipating difficulties moving existing contracts to the new benchmark, have started selling LIBOR-referenced positions. While the BoE’s working group’s report, published in July, issued a number of recommendations, concerns remain that these steps do not eliminate all the risks related to the transition from LIBOR.