Replacement of EURIBOR / LIBOR Rates

Financial institutions and finance professionals will face a crucial reform of the main interbank indices in the coming months, aimed at preventing further fraudulent manipulations. Currently, "IBOR" rates serve as the benchmark for interbank rates.

These reported rates are calculated based on the average responses from leading banks (Citigroup, JP Morgan, BNP, UBS, etc.) to the question: "At what rate do you think you could refinance your activities with other banks?".

Replacement of EURIBOR / LIBOR rates