Emmi seeks to ditch ‘expert judgement’ in Euribor overhaul

Q3 consultation would centralise Level 3 submissions with administrator in bid to expand panel

Euribor-inputs-overhaul

Euribor’s administrator will consult on a plan to centralise the calculation of so-called Level 3 submissions – effectively dispensing with “expert judgement” – in a bid to ease the burden on existing panel banks and woo additional contributors at a time when other panel-based rates are being wound down.

The methodology overhaul would see the European Money Markets Institute use a formula-based approach to calculate the unsecured funding cost of its panel banks at times when there is no

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