The European Central Bank (ECB) has decided to develop a daily euro unsecured overnight interest rate based on data already available to the Eurosystem. The rate, which will be finalised before 2020, will complement existing benchmark rates produced by the private sector and will serve as a backstop reference rate. It will be based entirely on transactions in euro that are reported by banks in accordance with the ECB’s money market statistical reporting (MMSR).
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The message is clear: organisations must be held accountable for their social and environmental footprint. Therefore, it’s inevitable that speaking up becomes the next social…
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This comprehensive, yet accessible, guide to enterprise risk management for financial institutions contains all the tools needed to build and maintain an ERM framework. It …
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