Brussels, 11/01/2013 (Agence Europe) - On Friday 11 January 2013, the European Securities and Markets Authorities (ESMA) and the European Banking Authority (EBA) published recommendations on Euribor and benchmark rate-setting processes ahead of new EU rules (see EUROPE 10682). The two bodies will be holding regular consulations until Friday 15 February 2013 on weaknesses identified in the setting of benchmarks.
The proposed principles “are an immediate step to be taken in advance of...