Banks to ask EC for delay of benchmarks rule

New ECB rate may appear only months before rules bar use of Eonia and Euribor

european commission headquarters

A group of 21 banks tasked with helping the euro rates market move away from shaky Eonia and Euribor benchmarks is set to formally ask the European Commission for a delay to rules that could stop the benchmarks being used. The group is worried there will not be time to build liquidity in its newly selected alternative risk-free rate (RFR) prior to a 2020 deadline.

“The euro RFR working group will be writing to the EC for an extension of the benchmark regulation for critical benchmarks. That

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 or view our subscription options here:

You are currently unable to copy this content. Please contact 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 View our subscription options


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 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