Related News:
European Banking Federation Mulls Increasing Panel of Banks for Euribor
The European Banking Federation may increase the number of banks contributing to the euro interbank offered rate.
The panel currently consists of 42 banks. So-called Euribor measures the rate European banks say they see each other lending at in euros.
The EBF is “considering enlarging the number of panel banks, but nothing has been decided yet,” Florence Ranson, a spokeswoman for the EBF in Brussels, said today in a telephone interview. “Nothing will be decided for sure before the next meeting, which is in November,”
Three-month Euribor rose to 0.899 percent today from 0.896 percent yesterday, data from the EBF showed. That’s the highest since July 30, 2009. Three-month euro Libor advanced to 0.833 percent today, according to the British Bankers’ Association, seven basis points less than the Euribor figure.
To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net
Rate These Stories
Rate this Page