Euro RFR group shuts down amid ongoing benchmark uncertainty
Working group calls time on transition despite split opinion on Euribor’s long-term future
The working group on euro risk-free rates has disbanded after holding its final meeting in Paris on November 13, effectively closing the debate over whether there will be a broader transition from Euribor to the euro short-term rate, or €STR – at least for the time being.
In a statement, the European Securities and Markets Authority, which acts as secretariat, noted the group has “accomplished its mission” but left the door ajar for further work in a jurisdiction that has sidestepped the global
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