As part of the global benchmark reform the central objective of which is to make interest rate indices more robust, the ECB set the transition spread from EONIA to the new overnight rate €STR at 8½ bp back in October 2019... Read More
Less than two weeks ago, the European Central Bank (ECB) published the euro short-term rate (€STR) for the first time. This marked a milestone for the ECB in the transition efforts on IBOR reform. Since the introduction of the euro,... Read More