ECB backed to fix floundering euro swaps reform

Swiss, UK and US progress leaves euro swaps market playing catch-up in rates reform

ecb-office-frankfurt
It is “right for the ECB to step up now”, says buy-side portfolio manager

Swaps users have welcomed European regulators’ dramatic intervention in the search for a Euribor alternative, and hope it will speed up a reform process that has fallen well behind that for other currencies. Other reform working groups have all included central bank officials but – until yesterday – the European Central Bank has not been involved in the Euribor efforts.

“We now have the secured overnight funding rate for US dollar, Swiss average rate overnight for Swiss franc and a reformed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here