- PRESS RELEASE
Working group on euro risk-free rates launches two public consultations on fallbacks to EURIBOR
23 November 2020
The working group on euro risk-free rates has today released two public consultations on the topic of fallback rates to EURIBOR.
- Fallback rates are rates that can be relied upon in case of an unavailability of the main rate.
- In the other consultation, stakeholders are invited to give their views on potential events that could trigger such fallback measures.
- As regards STR-based fallback rates, the working group considered two types of rates:
1) Forward-looking rates which are based on the derivatives markets referencing the STR and which reflect market expectations of the evolution of the STR.