Upcoming changes to the Euribor Panel

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is issuing a statement on the upcoming changes to the Euribor panel, in its capacity as supervisor of the European Money Market Institute (EMMI), administrator of Euribor.

This statement concerns the announcement by EMMI that Cecabank, based in Spain, will withdraw from the Euribor panel. The withdrawal will take effect on 30 September 2026, which will be the bank’s final day contributing input data to the benchmark determination.

ESMA and National Competent Authorities within the Euribor College of Supervisors have assessed the impact of the departure of Cecabank on Euribor representativeness of the Euro unsecured money market. ESMA and the College concluded that Cecabank’s departure does not pose a risk to the representativeness of Euribor. 

This departure follows a period of Euribor panel enlargement with the addition of four new panel banks since 2022, including KBC Bank’s recent joining of the panel in May 2026. ESMA continues to encourage credit institutions active in the Euro unsecured money market to consider joining the Euribor panel, actively supporting the robustness and representativeness of this critical benchmark within the EU financial system.

Communications Officer
[email protected]

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is issuing a statement on the upcoming changes to the Euribor p

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its