LMA to take part with ESMA in FTSE Russell conversation on application of guidance on Euro risk-free rates in the loan market

The LMA will be taking part in a FTSE Russell webinar alongside ESMA looking at the progress in the loan market of the adoption of the Euro RFR Working Group’s recommendations on fallbacks to EURIBOR.  One of the Working Group’s recommendations was for market participants to include a forward-looking €STR term rate-based fallback into specific segments of the loan and trade finance market.  

The LMA encourages members with EURIBOR-referencing loans to attend this FTSE Russell webinar.  This is a unique opportunity for members to hear directly from, and ask questions to, ESMA on the EURIBOR fallback recommendations.  

Date: 26 June 2024

Time: 2:00pm BST / 3:00pm CET with Q&A

This webinar will cover:

·    What were the final recommendations from the working group?

·    What is being done to remove barriers to industry implementation?

·    What is the industry's obligation to adhere to working group recommendations?

·    What happens if working group recommendations are not actioned?

Speakers:

• Michele Mazzoni, Senior Officer, Benchmarks Team, European Securities and Markets Authority
• Kam Hessling, Senior Director, Loan Market Association
• Jacob Rank-Broadley, Head of LIBOR Transition, FTSE Russell

Click here to register (via FTSE Russell) for the webinar.