As the market readies itself for the official launch of €STR next month, Practice Insight looks into Euribor’s future and why, unlike Libor, the euro interbank rate is not going anywhere fast
€STR, the euro short-term rate, is set for introduction next month. Here the ECB, bankers and lawyers explain how the European market can benefit from lessons learnt in the UK and US
The UK’s individual accountability regime, which represents a ‘huge administrative burden’, will be extended to all areas of financial services by the end of this year
While other areas of the market have handled their Libor to Sonia transition comparatively faster, loans remain problematic. Loan issuers and law firms tell Practice Insight that no one sees it as their responsibility
