Regulator seeks Libor-style deal to prop up Euribor
Future of €180 trillion Euribor swaps market unclear as banks yet to agree support
Regulators are hoping to hammer out a deal to secure the near-term future of Euribor while it – and its possible successor – are overhauled, but banks that help set the under-pressure benchmark are yet to pledge their support, Risk.net can reveal.
Around €180 trillion ($211 trillion) of derivatives contracts and €1 trillion of mortgages are tied to Euribor, but the panel of banks that sets the
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