- 65 participants, of which 50 were from the banking sector, participated in the public consultation conducted by the Working Group on Euro Risk-Free Rates. The response sample covered a variety of geographical regions. The consultation closed on Feb. 15, 2021
- Around 78% agreed with the list of fallback selection criteria identified by the working group. 86% agreed with the working group’s analysis and conclusion regarding the evaluations of the ESTR-based term structure methodologies. Around 81% agreed that a forward-looking methodology would be the most appropriate methodology for retail mortgages, consumer loans, and SME loans linked to EURIBOR
- ecb.summaryresponsespublicconsultation_ESTRWGonEURIBORfallbackrates~b5af670561.202102.pdf