EU - The way forward for EURIBOR

The European Money Markets Institute (EMMI), which is the administrator for the Euro Interbank Offered Rate (EURIBOR), has published its second consultation paper on a hybrid methodology for EURIBOR. This is important because it sets out further details regarding the new EURIBOR methodology and indicates that EMMI is confident that EURIBOR will comply with the requirements of the EU Benchmark Regulation, such that ‘EMMI expects to become an authorised benchmark administrator’ before January 202