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Working Groups EONIA

A&O Shearman

EU Working Group on Risk-Free Rates Publishes Report on Liquidity in EONIA transition

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The EU Working Group on Risk-Free Rates has published a report setting out recommendations for the transition of financial products from EONIA to the Euro Short-Term Rate (€STR). The recommendations aim to ensure liquidity in...more

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

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

Orrick - Finance 20/20

European Money Markets Institute Announces Consultation on Euro Overnight Index Average Methodology Changes

Orrick - Finance 20/20 on

On March 20, the European Money Markets Institute (EMMI), the administrator of the euro overnight index average (EONIA), announced a consultation on changes to the methodology for calculating EONIA. ...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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