Euro Overnight Index Average Reforms - A Clear Sign of 'Renovating' Global Benchmark Standa
The recently unveiled plan of European Money Markets Institute (EMMI) to enhance the robustness and viability of Euro Overnight Index Average (EONIA), one of the major reference rates in European money markets, is a welcome reassurance to the investors and the global economic structures at large. The plan to strengthen and overhaul this critical benchmark which serves the overnight unsecured interbank lending is part of the string of initiatives from benchmark regulators post
