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Cecabank will stop contributing data to Euribor on September 30, 2026, according to an announcement by benchmark administrator EMMI cited by ESMA. ESMA and the Euribor College of Supervisors concluded that the departure poses no risk to Euribor’s representativeness of the euro unsecured money market.
Spain’s Cecabank will leave the Euribor panel on September 30, 2026, ending its contributions to the benchmark that day, the European Securities and Markets Authority said. ESMA and the Euribor College of Supervisors assessed the effect and concluded the departure does not pose a risk to Euribor’s representativeness of the euro unsecured money market.
The announcement concerns a change to the group of banks that provide input data for Euribor, the benchmark administered by the European Money Market Institute (EMMI). ESMA issued its statement in its role as supervisor of EMMI. It said EMMI had announced Cecabank’s withdrawal from the panel and specified that September 30, 2026 will be the bank’s final day contributing input data to Euribor’s determination.
ESMA said it and the national competent authorities represented in the Euribor College of Supervisors assessed the impact of the departure on the benchmark’s representativeness of the euro unsecured money market. Their conclusion was that Cecabank’s exit poses no risk to that representativeness. The statement does not provide figures for the bank’s contributions or describe any change to Euribor’s calculation process.
The regulator placed the departure against a recent period of panel expansion. It said four banks have joined since 2022, including KBC Bank, which joined in May 2026. ESMA also encouraged credit institutions active in the euro unsecured money market to consider joining the panel, saying broader participation supports the robustness and representativeness of the benchmark.
Panel Change and Benchmark Coverage
Euribor is a critical benchmark within the EU financial system, and changes to its contributor panel can prompt questions about whether the bank inputs continue to represent activity in the euro unsecured money market. ESMA’s assessment addresses that immediate concern: the supervisory authorities concluded that this specific departure does not put representativeness at risk.
The conclusion is limited to the effect of Cecabank’s departure as assessed by ESMA and the College. It does not state that the panel will remain unchanged or that future departures could have no effect. ESMA’s invitation to additional institutions signals that the authorities continue to view participation by active credit institutions as relevant to maintaining the benchmark’s coverage and robustness.
For readers and institutions that rely on Euribor, the announcement provides a planned date and a supervisory assessment, rather than notice of a change to the benchmark itself. The source gives no indication that the bank’s withdrawal will alter the rate publication schedule or the methodology. Those operational details were not the focus of ESMA’s statement.
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Recent Euribor Panel Expansion
Euribor is administered by EMMI, while ESMA supervises the administrator. In this announcement, ESMA described its coordination with national competent authorities in the Euribor College of Supervisors to assess the panel change. That division of roles matters: EMMI announced the bank’s withdrawal, and ESMA reported the supervisory assessment of its representativeness implications.
The departure comes after a period in which the panel grew. ESMA said that four new panel banks have been added since 2022; KBC Bank’s addition in May 2026 was the most recent example cited. The statement does not name the other three banks or give a complete history of panel membership. It presents the additions as relevant context for evaluating Cecabank’s exit.
ESMA’s broader message is that banks active in the euro unsecured money market should consider joining the panel. The regulator said active participation supports the robustness and representativeness of Euribor, which it characterized as a critical benchmark in the EU financial system.
“Cecabank’s departure does not pose a risk to the representativeness of Euribor.”
— European Securities and Markets Authority
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Details Beyond the Departure Date
ESMA’s statement does not give the size or share of Cecabank’s input to Euribor, identify the other banks on the panel, or explain how the administrator will handle the transition in panel membership. It also does not set out the reasons for Cecabank’s withdrawal. The source confirms the final contribution date and the supervisors’ assessment, but provides no further operational detail.
The assessment addresses the representativeness risk associated with this departure. ESMA does not quantify the panel’s coverage or describe how it would respond if membership changed again. No such future change is announced in the source material.
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Cecabank’s Final Contribution Day
Cecabank is scheduled to provide input data through September 30, 2026, which ESMA identifies as its final contribution day. The source does not specify any other implementation milestone or a change to Euribor publication arrangements. ESMA’s stated next step for the sector is an ongoing invitation for eligible, active credit institutions to consider joining the panel.
Until the scheduled withdrawal takes effect, the announced change remains prospective. ESMA has already reported the supervisors’ conclusion that it poses no risk to representativeness; the statement does not describe additional review dates or say whether further notices are planned.
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Key Questions
When will Cecabank leave the Euribor panel?
September 30, 2026 will be Cecabank’s final day contributing input data to Euribor, according to ESMA.
Does ESMA expect the departure to affect Euribor’s representativeness?
No. ESMA and the national competent authorities in the Euribor College of Supervisors concluded that Cecabank’s departure does not pose a risk to Euribor’s representativeness of the euro unsecured money market.
Who administers Euribor?
The European Money Market Institute (EMMI) administers Euribor. ESMA issued its statement in its capacity as supervisor of EMMI.
Has the Euribor panel recently added banks?
ESMA said four new panel banks have joined since 2022. KBC Bank, which joined in May 2026, was the most recent addition cited in the statement.
Will Euribor’s calculation or publication schedule change?
ESMA’s statement does not announce a change to Euribor’s calculation method or publication schedule. It addresses Cecabank’s withdrawal and the supervisory assessment of its effect on representativeness.
Source: primary
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