Panel Bank

Panel Bank

One of several banks that provide quotes for EURIBOR. The quote each panel bank offers is based on the interest rate the bank believes other banks are offering each other for overnight loans. Each panel bank must provide this quote each day; the quotes are aggregated to arrive at the official EURIBOR reference rate.
References in periodicals archive ?
The charge states that they dishonestly agreed to procure or make submissions of rates by Barclays, a panel bank, into the dollar Libor setting process which were false or misleading.
The Serious Fraud Office (SFO) claims that Libor submitter Jonathan Mathew, and swaps traders Stylianos Contogoulas, Jay Merchant, Alex Pabon, and Ryan Reich, "dishonestly agreed to procure or make submissions of rates by Barclays, a panel bank, into the Dollar Libor setting process which were false or misleading".
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LIBOR is the "rate at which an individual Contributor Panel bank could borrow funds, were it to do so by asking for and then accepting inter-bank offers in reasonable market size.
Global Banking News-May 11, 2017--Malaysia's Maybank named as PTPTN's panel bank
The charge alleges that they dishonestly agreed to procure or make submissions of rates by Barclays, a panel bank, into the Dollar Libor setting process which were false or misleading.
The Eonia Swap Index is the average rate at which at 16:30 CET a representative panel of prime banks provide daily quotes, rounded to three decimal places, that each panel bank believes is the mid market rate of Eonia swap quotations between prime banks.
Since mid-2012, ASIC has been undertaking inquiries of BBSW panel bank members in relation to the integrity of their past involvement in the BBSW submission process.
ASIC acknowledges this cooperation, and also acknowledges that UBS was the first panel bank to report this conduct to ASIC.
a leading operator of global exchanges and clearing houses and provider of data and listings services, announces that ICE Benchmark Administration Limited (IBA) will publish data relating to a three-month testing period during which all 20 LIBOR panel banks were required to make parallel LIBOR submissions.
London: The FCA said that all 20 of the panel banks have agreed to support the LIBOR benchmark ensuring the sustainability of the rate until 2021.
The UK's Financial Conduct Authority (FCA) has said that all 20 panel banks have agreed to support the London interbank offered rate (Libor) until it is phased out in 2021.