ECB Weighs Fallback Clauses For Benchmark Rates
By Lucia Osborne-Crowley ( November 23, 2020, 3:44 PM GMT) -- The European Central Bank asked the finance sector on Monday for responses to proposed rules that would force lenders to include so-called fallback clauses in cash products and derivatives transactions that rely on the market interest-rate benchmarks Euribor and the new €STR rate....
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