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| Bank of England, London |
The Bank of England (BoE) has named ACT member Frances Hinden, vice-president treasury operations, Shell International, as co-vice chair of the working group on sterling risk-free reference rates.
The remainder of the working group comprises François Jourdain, chief compliance officer, Barclays International, as chair, and Simon Wilkinson, head of liability driven investment funds, Legal & General Investment Management, who is also co-vice chair.
The group is behind the move to the new benchmark Sonia (Sterling Overnight Index Average), which will be imposed in the sterling bond, loan and derivative markets on April 23, 2018.
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