ESMA/ECB/EC/FSMA: Risk-free overnight rate
21 Sep 2017 (UPDATED: 13 Mar 2026)
International
1 min read
The above-mentioned entities have announced the launch of a new working group tasked with the identification and adoption of a risk-free overnight rate intended to serve as a basis for an alternative to current benchmarks used in a variety of financial instruments and contracts in the euro area. It is noted that ECB is to start providing an overnight unsecured index before 2020.