The UK’s attempt to provide a smoothing two-year grace period for European benchmark rates will not help Euribor, or its sibling Eonia, if they are not registered with the European Securities and Markets Authority (Esma) by the rapidly approaching Brexit date – a highly unlikely scenario. However, legislation pushing through the UK parliament could give the rates more time to get their footing in a post-Brexit market. Alternatively, a renewed push to reform Eonia may allow it, along with an 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.
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