Recommendations on supervisory oversight of activities related to banks’ participation in the Euribor panel
- Status: Final and translated into the EU official languages
These Recommendations addressed to national supervisory authorities aim at setting consistent supervisory practices for the oversight of the Euribor submission process. They focus on strengthening the panel banks’ internal governance arrangements, including a code of conduct. The aim of this Recommendation is to improve the identification and management of conflicts of interest and of internal control arrangements, including audits, record keeping and comparison with actual transactions.