Euribor and Eonia submission panels to be split

euro in black light

Banks on the submitting panels for the Euribor and Eonia interbank benchmark rates will, as of June 1, have to join separate panels to make submissions, the Euribor-European Banking Federation (Euribor-EBF) revealed today.

The move comes as part of efforts to clean up benchmark rate-setting around the world, with Libor and Euribor facing some of the closest scrutiny over governance problems. A report published by the European Banking Authority (EBA) and European Securities and Markets Authority

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