The regulator will use tools to ensure the orderly functioning of markets, financial stability and investor protection, though sources pointed to a lack of measures for digital assets
After several years of battling against the mandatory buy-in requirements, market participants are relieved by the European Commission’s decision but anticipate more permanent announcements
The cessation of Eonia has ushered in a new era for the euro market, where participants now look to solidify risk-free rate use and further build liquidity
With Libor now gone in most tenors, market participants’ attention turns to synthetic rate use and to the US dollar transition, although some follow-up work remains in other currencies
