Exclusive: ECB warns of ‘systemic’ threat if Euribor reform efforts fail - NEws Zaar

Tuesday 17 July 2018

Exclusive: ECB warns of ‘systemic’ threat if Euribor reform efforts fail

http://ifttt.com/images/no_image_card.pngExclusive: ECB warns of 'systemic' threat if Euribor reform efforts fail
Reuters

By Marc Jones, Huw Jones and Dhara Ranasinghe LONDON (Reuters) - The European Central Bank is concerned about the risk of systemic problems if efforts to reform Euribor, one of the bank-to-bank lending benchmarks caught up in a global rate-rigging scandal, get torpedoed. Authorities around the world are overhauling money market rates to prevent manipulation happening again.

The post Exclusive: ECB warns of 'systemic' threat if Euribor reform efforts fail appeared first on Firstpost.

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