Global Economic & Market Outlook – Focus Notes (Thursday, May 30, 2019)

Banking, Finance, Markets, Reports, Statistics, Stock Markets — By on May 30, 2019 at 1:40 PM

Global Economic & Market Outlook – Focus Notes (Thursday, May 30, 2019)

Eurozone Benchmark Rates Reform: The Transition from EONIA to €STR

The Eurozone Benchmark interest rates, i.e. the sort-tem (overnight) EONIA rate and the EURIBOR rates’ family (with maturities from 1 week up to 12 months), by the end of 2019 will either be replaced or their calculation methodology will be radically reformed. Their current calculation methodology is not compliant with the EU Benchmarks Regulation (BMR), the new regulation applied to the EU from January 1st, 20118 on rates used as benchmarks in financial markets, which emerged in the aftermath of the LIBOR and EURIBOR market manipulation scandals and the 2008 financial crisis.

Viewers can read herebelow the full rGLOBAL FOCUS NOTE on Benchmark Rates TS 30 05 2018eport:

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