Poland Delays Phase Out of €600 Billion Loan Benchmark to 2036

Poland has delayed the phase-out of the Wibor interbank benchmark for existing loan agreements until end-2036, extending the transition by over a decade. The move follows criticism from commercial lenders concerned about switching to a new index, making this a regulatory overhang for the banking sector rather than an immediate market shock.

Analysis

Poland has delayed the phase-out of the Wibor interbank benchmark for existing loan agreements until end-2036, extending the transition by over a decade. The move follows criticism from commercial lenders concerned about switching to a new index, making this a regulatory overhang for the banking sector rather than an immediate market shock.