ESMA-EBA: Euribor makes significant progress with reforms

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published in February 2014 the results of their joint review of the Euribor-EBF.

The review found that Euribor-EBF had made significant progress in implementing the ESMA-EBA Recommendations addressing weaknesses and shortcomings in its governance and technical framework. This progress provided the basis for improved transparency of the benchmark-setting process, enhanced governance of the benchmark, and improved quality of the resulting index.

• Primary Source

ESO: Background information: The Commission acts to address the risk of benchmark manipulation http://www.europeansources.info/record/the-commission-acts-to-address-the-risk-of-benchmark-manipulation/

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