Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Oświadczenie końcowe Grupy Roboczej ds. Stóp Wolnych od Ryzyka w strefie Euro

4 December 2023

Working Group on Euro Risk-Free Rates: Final Statement

1 Working Group on Euro Risk-Free Rates

The working group on euro risk-free rates (Working Group) was initially established in 2018 by the ECB together with the Belgian Financial Services and Markets Authority (FSMA), the European Securities and Markets Authority (ESMA) and the European Commission to identify and recommend risk-free rates that could serve as an alternative to prevailing interest rate benchmarks.

ECB provided the Working Group's secretariat from its inception . On 13th September 2018, the Working Group recommended that the Euro Short-Term Rate (€STR) be used as the riskfree rate for the euro area. On 11th May 2021, a broad-ranging set of recommendations were published for both EURIBOR fallback trigger events and €STR-based EURIBOR fallback rates. This completed the initial mandate of the Working Group and the secretariat was transferred to ESMA .

After the transfer of the secretariat to ESMA, an...