> Posts tagged "Euribor"

Benchmarks: restoring confidence in the financial markets

enchmarks are widely used to track market developments. However, financial scandals involving benchmarks such as Libor and Euribor have shown that they are susceptible to manipulation. On 18 May MEPs debate new rules to ensure the full transparency of all benchmarks used in the EU and vote on them the

Antitrust: Euro interest rate derivatives cartel?

The European Commission has informed Crédit Agricole, HSBC and JPMorgan of its preliminary view that they may have breached EU antitrust rules by colluding to influence the pricing of interest rate derivatives denominated in the euro currency. The sending of a statement of objections does not prejudge the final outcome

Commission fines banks € 1.71 billion for participating in cartels

The European Commission has fined 8 international financial institutions a total of € 1,712,468,000 for participating in illegal cartels in markets for financial derivatives covering the European Economic Area (EEA). Four of these institutions participated in a cartel relating to interest rate derivatives denominated in the euro currency. Six of

Introduction of separate Eonia and Euribor panels

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The Governing Council of the European Central Bank (ECB) welcomes Euribor-EBF’s decision to introduce separate Eonia and Euribor panels with a view to encouraging banks to join or re-join the reference rate panels according to their level of activity and knowledge of market segments. In the light of this decision,