EBF expansion of Euribor set to increase euro benchmarks gap
The European Banking Federation (EBF) is looking at expanding the panel of banks that contribute to Euribor fixings to include more peripheral and mid-tier institutions – a change that could nudge fixings higher and alter the relationship between Euribor and other key rate market benchmarks, possibly forcing more hedging activity.
Currently, 43 banks contribute to Euribor, which is the benchmark rate at which prime banks borrow in euros from each other. The make-up of the panel could change
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