Regulators in the eurozone could be hobbling their own chances of building liquidity in the forthcoming euro short-term rate, or €STR, via their parallel efforts to keep Euribor alive – perhaps permanently – causing some exchange operators to question the commercial viability of launching products tied to the new benchmark. Euribor is on a divergent path to its sterling Libor cousin, which will be left to die after 2021 when the UK’s Financial Conduct Authority will stop compelling banks to Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content. To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe You are currently unable to print this content. Please contact [email protected] to find out more. You are currently unable to copy this content. Please contact [email protected] to find out more.
Efforts to keep EURIBOR alive by eurozone regulators could be hampering the development of liquidity in ESTR, causing some exchange operators to consider the commercial viability of launching products tied to the RFR.