Brexit clouds future for Euribor and Eonia in UK

Clashing deadlines threaten to scuttle rates, but ‘in-flight files’ bill might save them

UK-EU uncertainty

The UK’s attempt to provide a smoothing two-year grace period for European benchmark rates will not help Euribor, or its sibling Eonia, if they are not registered with the European Securities and Markets Authority (Esma) by the rapidly approaching Brexit date – a highly unlikely scenario.

However, legislation pushing through the UK parliament could give the rates more time to get their footing in a post-Brexit market. Alternatively, a renewed push to reform Eonia may allow it, along with an

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