The euro interest rate swaps market may remain linked to Euribor for the foreseeable future if reform efforts are successful, according to a European Central Bank official. This runs counter to efforts by UK and US regulators, who are encouraging swaps users to transition away from Ibor benchmarks.
A new hybrid approach to calculating Euribor is currently under consultation, driven by its administrator, the European Money Markets Institute. In an interview with Risk.net, Cornelia Holthausen, de
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