Extension of BMR deadline for Euribor and EONIA to Dec 2021

On 14 December 2018 the delegations of the European Parliament and the Council agreed to extend the BMR deadline for critical benchmarks, i.e. Euribor and EONIA, to December 2021.

State of play in the Euribor reform

Ahead of the publication of the Eonia transition plan this post takes a look at the state of play in the extension of the EU BMR deadline to December 2021, EMMI’s activities on reforming Euribor, ISDA’s work in providing the fallbacks required by the BMR and finally, the choice of ESTER as the alternative risk free rate.