Banks to ask EC for delay of benchmarks rule

Lukas Becker
Nazneen Sherif
26 Sep 2018

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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

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

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

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]