Brussels, 09/12/2020 (Agence Europe) – Member States’ ambassadors to the EU (Coreper) confirmed on Wednesday 9 December that an agreement had been reached at the end of November with the European Parliament on the legislative proposal to ensure that the discontinuation of a widely used financial benchmark does not undermine the financial stability of the EU (see EUROPE B12535A14). The agreement empowers the European Commission to designate a replacement benchmark for so-called “