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European Central Bank EONIA

A&O Shearman

Working Group on Euro Risk-Free Rates Recommends Fallback Provisions Contracts Referencing EURIBOR

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The European Central Bank has published a report by the working group on euro risk-free rates providing high-level recommendations for fall-back provisions in contracts for cash products and derivatives transactions...more

A&O Shearman

EU Recommendations on Financial Accounting Implications of Transition to €STR

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The European Central Bank has published a report by the working group on euro risk-free rates on the financial accounting implications of the transition from EONIA to €STR and the introduction of €STR-based fallbacks for...more

White & Case LLP

€STR v. EURIBOR: the battle of the euro benchmark

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Tomorrow heralds an important milestone in the evolving saga of LIBOR's discontinuation, seeing the launch of the fifth and final rate, €STR, as the proposed successor to euro LIBOR. However, although in our other articles...more

A&O Shearman

European Central Bank Announces Publication Time for Euro Short-Term Rate

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The European Central Bank has announced the publication time for the new Euro short-term rate (or €STR) that will come into effect from October 2, 2019. €STR will represent the wholesale euro unsecured overnight borrowing...more

A&O Shearman

EONIA Methodology and One-Off Spread Confirmed

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The European Money Markets Institute has adopted the EONIA working group's proposed methodology for calculating EONIA's replacement rate. The new methodology, dubbed "€STR" (or the "Euro short term rate"), will take effect as...more

A&O Shearman

Working Group Recommends Replacement of EONIA With New Euro Short-Term Rate

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The European Central Bank has announced its recommendation of the Euro short-term rate - ESTER - as a euro risk-free rate by a private sector working group. The group also recommends that ESTER replaces the Euro overnight...more

A&O Shearman

European Central Bank Consults on Assessing Potential Successors to the EONIA Benchmark

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The European Central Bank has published a consultation on behalf of the Working Group on Euro Risk-Free Rates. The ECB provides the secretariat for this Working Group. The Working Group is tasked, among other things, with...more

A&O Shearman

EU Authorities Appoint Industry Working Group on Euro Risk-Free Rates

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Following the November 2017 call for expressions of interest, the European Commission, the European Central Bank, the European Securities and Markets Authority and the Belgian Financial Services and Markets Authority...more

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