Euribor-EBF index is expected to challenge Libor

04/3/2012 | Reuters

Euribor-EBF, which has set the Euro Interbank Offered Rate since 1999, launched an index that shows dollar-borrowing costs for European banks. The index is expected to challenge Libor's benchmark status as the rate faces a global investigation. Initial dollar Euribor readings suggest borrowing costs for dollars among European financial institutions are significantly higher than those reported by Libor.

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