The European Banking Authority (EBA) is consulting on its proposed benchmark rate under the Mortgage Credit Directive. In the consultation, the EBA has provided a formula to calculate its proposed benchmark rate which has been submitted to consumers, industry stakeholders and interested parties for a six week consultation. The responses received will be taken into account when publishing the final benchmark rate in the first quarter of 2016.
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European Banking Authority consults on its proposed benchmark rate under the Mortgage Credit Directive
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