The European Securities and Markets Authority (ESMA) has issued a statement on the upcoming changes to the Euribor panel, in its capacity as supervisor of the European Money Market Institute (EMMI), administrator of Euribor.

ESMA’s statement concerns the announcement by EMMI that Barclays Bank PLC (BBPLC), based in the United Kingdom, will withdraw from the Euribor panel. The withdrawal will take effect on 27 February 2026, which will be the bank’s final day contributing input data to the benchmark determination.

ESMA and National Competent Authorities within the Euribor College of Supervisors have assessed the impact of the departure of BBPLC on Euribor representativeness of the Euro unsecured money market. ESMA and the College concluded that BBPLC’s departure does not pose a risk to the representativeness of Euribor.

This departure follows a period of Euribor panel enlargement with the addition of three new panel banks since 2022. ESMA says it views positively that EMMI’s announcement also indicates that another bank will soon join the Euribor panel. ESMA continues to encourage credit institutions active in the Euro unsecured money market to consider joining the Euribor panel, actively supporting the robustness and representativeness of this critical benchmark within the EU financial system.