EU lawmakers open to delaying ban on critical benchmarks

MEPs propose two-year reprieve for Eonia and Euribor if contractual continuity is at risk

European Parliament

The European Parliament is open to delaying a ban on the market using Eonia and Euribor from the end of 2019 if their early discontinuation “affects the continuity of contracts” that reference them.

Under the EU Benchmark Regulation a transition period is currently in place until 2020, at which point EU entities are only able to use rates authorised by regulators in new trades. Eonia won’t make the grade in its current form, while it’s not yet clear whether reforms to Euribor will be successful

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

Register

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 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