Library corner



WHAT's NEW


 

Need assistance? Need to subscribe? Click here for more information

Close
On 14 December 2000, the Governing Council of the European Central Bank (ECB) has decided that, from 2002 until further notice, the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system will be closed, in addition to Saturdays and Sundays, on the following days:
  • New Year's Day
  • Good Friday (Catholic/Protestant)
  • Easter Monday (Catholic/Protestant)
  • 1 May (Labour Day)
  • Christmas Day
  • 26 December

For further information, please visit the Website of the ECB.

Charts

EMMI » EONIA® » HISTORY

EONIA® History

 

EONIA® was published for the first time on the evening of 4th January 1999, on the basis of overnight unsecured lending transactions undertaken on that day in the EU and EFTA countries by the EONIA® Panel Banks.  

EMMI proposes a look-back at the major milestones that have marked EONIA®'s existence for more than 20 years (reverse chronology).

May 2019

After public consultation, EMMI decides to follow the recommendations of the working group on risk-free rates (RFR WG). As of 1st October 2019, EONIA® will be calculated following the recalibration methodology, thus directly linked to the €STR.

March 2019

EMMI publishes the feedback summary of a consultation on EONIA®. The aim of the consultation was to raise awareness of the implications of the changes suggested by the working group on risk-free rates (RFR WG), and to ensure that EONIA® users start preparing for the upcoming changes as soon as possible.

The working group on risk-free rates (RFR WG) recommends a transition from EONIA® to the €STR. The €STR is the euro short-term rate issued by the European Central Bank (ECB) since 1st October 2019, which relies on data collected by the Eurosystem. 

September 2018

The working group on euro risk-free rates (RFR WG) recommended replacing EONIA® with a new risk-free rate, as EONIA® would no longer meet the criteria of the EU Benchmarks Regulation and would therefore see its use restricted as of 1st January 2020.

May 2018

Based on the analyses performed in the context of the ‘EONIA® Review Exercise’, and on the information about the overnight unsecured segment of the euro money market published by the European Central Bank (ECB), EMMI’s governing bodies decide that pursuing a thorough EONIA® Review Exercise is no longer appropriate.

2016 and 2017

EMMI organises a two-phase programme called the ‘EONIA® Review Exercise’. The first phase sought to enhance the governance and control framework of EONIA®, and to align it with the requirements of the EU Benchmarks Regulation. The second phase included a data collection exercise to analyse EONIA®’s underlying activity dynamics and assess possible shortcomings.

January 2016

EMMI publishes the daily aggregate EONIA® volume. The EONIA® historical data files were modified in order to include aggregate volume information, retrospectively from 2nd January 2016.

June 2013

The EONIA® and EURIBOR® respective panels of contributing banks are differentiated.

September 2007

EONIA® moves to three decimals.

January 1999

EONIA® was published for the first time on the evening of 4th January 1999, on the basis of the overnight unsecured lending transactions undertaken on that day in the EU and EFTA countries by the EONIA® Panel Banks.

May 2019

·         After public consultation, EMMI decides to follow the recommendations of the working group on risk-free rates (RFR WG). As of 1st October 2019, EONIA®® will be calculated following the recalibration methodology, thus directly linked to the €STR.

March 2019

·         EMMI publishes the feedback summary of a consultation on EONIA®. The aim of the consultation was to raise awareness of the implications of the changes suggested by the working group on risk-free rates (RFR WG), and to ensure that EONIA® users start preparing for the upcoming changes as soon as possible.

·         The working group on risk-free rates (RFR WG) recommends a transition from EONIA®® to the €STR. The €STR is the euro short-term rate issued by the European Central Bank (ECB) since 1 October 2019, which relies on data collected by the Eurosystem. 

September 2018

·         The working group on euro risk-free rates (RFR WG) recommended replacing EONIA®® with a new risk-free rate, as EONIA® would no longer meet the criteria of the EU Benchmarks Regulation and would therefore see its use restricted as of 1 January 2020. 

May 2018

·         Based on the analyses performed in the context of the ‘EONIA® Review Exercise’, and on the information about the overnight unsecured segment of the euro money market published by the European Central Bank (ECB), EMMI’s governing bodies decide that pursuing a thorough EONIA®® Review Exercise is no longer appropriate. 

 

2016 and 2017

·         EMMI organises a two-phase programme called the ‘EONIA® Review Exercise’. The first phase sought to enhance the governance and control framework of EONIA®, and to align it with the requirements of the EU Benchmarks Regulation. The second phase included a data collection exercise to analyse EONIA®®’s underlying activity dynamics and assess possible shortcomings.

June 2016

·         EMMI publishes the daily aggregate EONIA®volume. The EONIA historical data files were modified in order to include aggregate volume information, retrospectively from 2nd January 2016. 

June 2013

·         The EONIA® and EURIBOR® respective panels of contributing banks are differentiated.

September 2007

·         EONIA® moves to three decimals.

January 1999

·         EONIA® was published for the first time on the evening of 4 January 1999, on the basis of the overnight unsecured lending transactions undertaken on that day in the EU and EFTA countries by the EONIA®® Panel Banks.