Euribor can stay if reforms succeed – ECB’s Holthausen

Regulator also sees no clear favourite in array of Ibor fallback approaches

ECB headquarters

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

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