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On 17th October 2018, the European Money Markets Institute (EMMI) published the Second Consultation Paper on a Hybrid Methodology for EURIBOR. The Consultation Paper presented EMMI’s findings after the conclusion of the Hybrid EURIBOR Testing Phase (HETP), the exercise performed by EMMI between May and July 2018 to test its proposed hybrid methodology for EURIBOR. This Consultation was part of EMMI’s commitment to deliver a reformed and robust methodology for EURIBOR, which aims to meet regulatory and stakeholder expectations in a timely manner.
The consultation period closed on Friday, 30th November 2018, and EMMI received 37 responses from a range of institutions, including banks, trade associations, infrastructure providers, consultancy firms, and other respondents.
On the 12th February 2019, EMMI published the summary of stakeholder feedback on the Second Consultation Paper on a Hybrid Methodology for EURIBOR. At the same time, EMMI also published a blueprint of the methodology, targetted to non-expert audiences and aimed at providing further transparency and clarity on the hybrid methodology.
Related material:
- Press statement (17th October 2018)
- Second Consultation Hybrid Methodology for Euribor
- Questionnaire
