Living will and Pre-ESTER: Difference between pages

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imported>Doug Williamson
(Updated 1 with latest requirements. Source: https://www.federalreserve.gov/bankinforeg/resolution-plans.htm)
 
imported>Doug Williamson
(Amend second sentence.)
 
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1.  
''Interest rates - reference rates.''


A contingency plan of how a financial institution could be wound up in the event of a collapse.
ESTER is an acronym for Euro Short TErm Rate, whose formal publication is scheduled from October 2019.


A requirement of the US Dodd-Frank financial reform law applied to financial institutions with total consolidated assets of $50 billion or more
and non-bank financial companies supervised by the Federal Reserve.


''Also known as a Resolution plan.''
In the meantime, the ECB is publishing preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.


The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.


2.


A set of instructions which specifies what actions are to be taken if an individual becomes unable to act personally due to illness or incapacity.
Pre-ESTER is also sometimes written as Pre-€STR, using the € symbol.


''Also known as an advance decision.''


==See also==
* [[Benchmark]]
* [[ESTER]]
* [[European Central Bank]]
* [[O/N]]
* [[Reference rate]]
* [[RFR]]
* [[Risk-free rates]]
* [[SONIA]]


==See also==
* [[Dodd-Frank]]


[[Category:Compliance_and_audit]]
==Other links==
* [https://www.ecb.europa.eu/paym/initiatives/interest_rate_benchmarks/shared/pdf/ecb.Pre-ESTER.en.pdf ECB Pre-ESTER]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]

Revision as of 11:48, 7 August 2019

Interest rates - reference rates.

ESTER is an acronym for Euro Short TErm Rate, whose formal publication is scheduled from October 2019.


In the meantime, the ECB is publishing preliminary figures, referred to as the 'pre-ESTER' in the period up to October 2019.

The pre-ESTER aims to reduce market uncertainty, allow market participants to assess the suitability of the new rate and familiarise themselves with its statistical properties, and provide an opportunity to adjust processes and procedures adequately to ensure a seamless transition to the new rate.


Pre-ESTER is also sometimes written as Pre-€STR, using the € symbol.


See also


Other links

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