The new European overnight rate – a complicated transition
News / Publications
23. April 2019

The new European overnight rate – a complicated transition

Guest contribution for PRMIAs “Intelligent Risk”

Since the aftermath of the GFC and the revelation of LIBOR manipulations, regulators are undertaking a fundamental review of the most important benchmarks and develop reform plans accordingly. In our latest article we look at the various challenges of the transition from Eonia to €STR. With the conversion of the reference interest rates, there is a need for action by every financial market participant. The expected transition from EONIA to ESTER at the beginning of October 2019 will stress the entire process chain. The challenges for the entire banking industry are substantial and intertwined. Action should start as soon as possible to cope with the major challenges. Read the full aricle here: http://bit.ly/2W2Ypv1

Andreas Hock
The Author
Andreas Hock

Since July 2015 Andreas Hock has been a manager at LPA in the Risk & Quant Consulting team. Before that, he studied mathematical finance at the Technical University of Munich and gained his first consulting experience at PwC. Here at LPA, he now deals with quantitative topics relating to the valuation of financial instruments, regulatory requirements and digitalisation.

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Andreas Hock
Andreas Hock
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