The European Securities and Markets Authority (ESMA) issued a supervisory statement following the European Money Market Institute’s (EMMI) announcement that Barclays Bank PLC, based in the United Kingdom, will withdraw from the Euribor panel, with 27 February 2026 as its last day contributing input data. ESMA and the National Competent Authorities in the Euribor College of Supervisors assessed the impact and concluded that the departure does not pose a risk to Euribor’s representativeness of the euro unsecured money market. The withdrawal comes after the Euribor panel expanded with three new panel banks since 2022. ESMA noted that EMMI also indicated another bank will soon join the panel and reiterated its encouragement for credit institutions active in the euro unsecured money market to consider joining to support the benchmark’s robustness and representativeness.
European Securities and Markets Authority 2026-02-18
European Securities and Markets Authority finds Barclays Bank PLC’s 27 February 2026 exit from the Euribor panel does not threaten benchmark representativeness
The European Securities and Markets Authority (ESMA) issued a supervisory statement regarding Barclays Bank PLC's withdrawal from the Euribor panel, effective 27 February 2026. ESMA and the National Competent Authorities concluded that this does not affect Euribor's representativeness. The panel has expanded with three new banks since 2022, and another bank is expected to join soon, reinforcing the benchmark's robustness.