WSE to be ready to implement WIBOR substitute in H2 2022
21:27
In the second half of 2022, the Warsaw Stock Exchange will be ready to implement an alternative benchmark overnight rate to the existing WIBOR O / N interbank benchmark, said Marek Dietl, GPW president, on Twitter.
"In the second half of 2022, we will be ready with the O / N rate benchmark," the president wrote.
On Monday, the president of the Polish Development Fund, Paweł Borys, informed that the preferred scenario is the development by the banking sector and GPW Benchmark of a WIBOR replacement based on the ON rate for mortgage loans, and if this does not happen by the end of 2022, then the Polonia rate will be the replacement.
From 2023, the government wants to impose on banks the use of a reference rate other than WIBOR, more favorable to borrowers.
(PAP)
