Euribor rate-setting improvement ‘substantial’, say regulators


The setting of the Euribor benchmark rate has been much improved since the rate-fixing scandal broke in 2012, but there is more still to be done, a progress review by the European Banking Authority (EBA) and European Securities Markets Authority (Esma) has found.

Published yesterday, the report examined the period from January 11, 2013, when EBA-Esma issued 10 recommendations for reform, to December 31. The report said Euribor-EBF, the bankers' association that sets the benchmark, had made "sign

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