Market Supports Publication Of Compounded €STR10.08.2020
- Consultation received 44 replies
- Respondents supportive of publication of compounded €STR rates by the ECB
The public consultation launched by the ECB on the possible publication of backward-looking compounded rates received a significant number of replies coming from a broad range of market participants across different countries. The replies were supportive of the main parameters and elements of the envisaged methodology, and contained some suggestions, which the ECB will consider when finalising the methodology.
For more details, please refer to the summary.
An estimated 200 SGX-listed fixed income securities already meet the criteria.
Final LIBOR publication would be end-September 2024.
IOSCO supports global efforts to improve the resilience of non-bank financial intermediation.
IBA has published USD ICE Swap Rate settings based on SOFR since 2021.
The launch is a milestone in establishing €STR as the new benchmark risk-free rate.