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IBOR reform in the euro area – progress in an ocean of uncertainty

  • 21 Feb 2019
  • Marie Gotthardt and Pierre Wernert

To respond to the concerns about the reliability and robustness of the IBOR benchmarks, the Financial Stability Board (FSB) recommended the development of an alternative (nearly) risk-free reference rate (RFR) in its report in July 2014.

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