ECB’s Coeure on the importance of euro interest rate benchmark reforms
|ECB Governing Council member Benoit Coeure was out on the wires last minutes, delivering the welcome address at the first meeting of the Working Group on Euro Risk-Free Rates, at the ECB, Frankfurt.
Key Headlines:
Both the financial and public sectors have a keen interest in a smooth and successful reform of the reference interest rate.
The working group should explore ways to ensure a smooth transition to the preferred new rate.
This working group must reach a broad-based consensus on alternative risk-free rates and on the best approaches for incorporating their use in financial contracts.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.