Augustin Beyot - Director of Capital Markets, Risk and Finance - Chappuis Halder & Co. Consulting
'Ester: the successor to Eonia is on track'
On the 12.06.19 at 1:36PM
Over the last few years, central banks, with the help of various working groups, have been preparing for the transition to new robust & transparent monetary indices.
In the United Kingdom, the GBP Libor will be fully replaced by the ‘Sonia’ by the end of 2021. In the Eurozone, the Eonia is being replaced by the €STR (pronounced ‘Ester’) between October 2nd and end of 2021.