The new benchmark rate for euro transactions has been added to Bookmarks.
The new benchmark rate for euro transactions
Here comes "ESTER"
On 13 September 2018, the working group on euro risk-free rates recommended the Euro Short-Term Rate, a.k.a. “ESTER”, as the new euro “risk-free rate” benchmark. This recommendation marks an important milestone in the process of organizing the shift from EURIBOR and other prevailing benchmark indices to more sustainable benchmarks. This arguably constitutes one of the biggest challenges facing the financial industry.
Performance magazine issue 28, January 2019
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.