Regulator seeks Libor-style deal to prop up Euribor

Future of €180 trillion Euribor swaps market unclear as banks yet to agree support

euro-blue
€1 trillion of mortgages are tied to Euribor in addition to the derivatives contracts

Regulators are hoping to hammer out a deal to secure the near-term future of Euribor while it – and its possible successor – are overhauled, but banks that help set the under-pressure benchmark are yet to pledge their support, Risk.net can reveal.

Around €180 trillion ($211 trillion) of derivatives contracts and €1 trillion of mortgages are tied to Euribor, but the panel of banks that sets the benchmark has shrunk from 49 to 20 in the aftermath of the Libor scandal, as dealers have fled the

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: