Guest contribution for PRMIAs “Intelligent Risk”
Since the aftermath of the GFC and the revelation of LIBOR manipulations, regulators are undertaking a fundamental review of the most important benchmarks and develop reform plans accordingly. In our latest article
we look at the various challenges of the transition from Eonia to €STR. With the conversion of the reference interest rates, there is a need for action by every financial market participant. The expected transition from EONIA to ESTER at the beginning of October 2019 will stress the entire process chain. The challenges for the entire banking industry are substantial and intertwined. Action should start as soon as possible to cope with the major challenges.