​Euribor panel to include KBC Bank​

Verena Ross, ESMA Chair, said: 

“The addition of KBC Bank to the Euribor panel reflects the interest of financial institutions active in the money market to contribute to the calculation of Euribor, as well as continued market confidence in this key benchmark. A strong benchmark enhances transparency and the availability of reliable information, which are essential to fostering trust and ensuring the smooth functioning of financial markets.”

Jean-Paul Servais, Chairman of the FSMA, said: 

“We welcome the addition of KBC Bank to the Euribor panel, which further strengthens the robustness and representativeness of this critical benchmark. The representativeness of Euribor has namely always been a key supervisory consideration for the FSMA. The FSMA also greatly values its close cooperation with ESMA within the Euribor supervisory framework. As a member of the Euribor College of Supervisors and being the competent authority for the supervision of the Belgian panel banks, the FSMA will continue to contribute to supervisory convergence together with the other members of the College.” 

Under the Benchmarks Regulation (BMR), ESMA is responsible for the supervision of EMMI as the administrator of the EU critical benchmark Euribor, while National Competent Authorities (NCAs) are responsible for supervising the banks contributing to Euribor. The FSMA supervises KBC Bank under the BMR when the bank contributes to the calculation of Euribor. 

ESMA and the NCAs supervising the Euribor panel banks cooperate closely on Euribor-related matters, acting respectively as the chair and members of the Euribor College of Supervisors. 

Further information:

Tayfun Yilmaz

Communications Officer
press@esma.europa.eu