The benchmark rate has been called into question since the rigging scandal emerged
Euribor has made progress in addressing weaknesses and
shortcomings, which were highlighted following the rate-rigging
scandal surrounding the benchmark rate, European regulators
have said, writes Jonathan Watkins.
A review from the European Securities and Markets Authority
(ESMA) and the European Banking Authority (EBA) has shown
improved transparency of the benchmark-setting process,
enhanced governance of the benchmark and improved quality of
the resulting index.
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