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 the London Interbank Offered Rate'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.

View Full Article in:

Reuters

Published in Brief: