BoE's Carney hopes Sonia adoption will spur "ecosystem" of financial products

LONDON (Reuters) - Bank of England Governor Mark Carney hopes the adoption of a new interest rate benchmark as an alternative to Libor, the benchmark tarnished by a rigging scandal, will create a new "ecosystem" of financial products.

from Reuters: Top News http://uk.reuters.com/article/uk-britain-boe-carney-sonia/boes-carney-hopes-sonia-adoption-will-spur-ecosystem-of-financial-products-idUKKCN1IP169?feedType=RSS&feedName=topNews