Zibor might be counting its last days
Aligning with new regulations
All EU member countries have by the beginning of 2020 to align with new EU regulations on benchmark indexes/rates used for financial instruments and contracts, or for measuring the performance of funds. New regulations bring increased requirements in the segment of benchmark administration and authorization. The first result of these adjustments in Croatia might be the cancellation of Zibor, although this is not yet entirely certain.