The proposed basis for ensuring continuity in the principal global interest reference rate (‘benchmark’) was today published, with the advent of European monetary integration. The BBA’s 300+ member banks represent a broad cross-section of national and international banking activity. In its discussion paper on the future benchmark, the BBA proposes to maintain a global reference rate.
Maintaining Continuity: BBA euroLIBOR
The proposed basis for ensuring continuity in the principal global interest reference rate (‘benchmark’) was today published, with the advent of European monetary integration. The BBA’s 300+ member banks represent a broad cross-section of national and international banking activity. In its discussion paper on the future benchmark, the BBA proposes to maintain a global reference […]