Raiffeisen to rejoin Euribor panel, reversing exodus

Austrian bank’s return as benchmark contributor could be “turning point” for interbank rate, says administrator

Austria’s Raiffeisen Bank International will join the Euribor panel on November 2, taking the total number of contributors to 19 and reversing a two-decade exodus that has seen the number of submitting institutions more than halve.

The European Money Markets Institute, Euribor’s administrator, welcomes the return of Austrian bank, which departed the panel in 2013, and hopes the first addition since the benchmark’s 2019 methodology upgrade could smooth the path for other joiners – old and new.