What is a Panel bank ?
Panel banks are financial institutions that contribute to the calculation of benchmark interest rates in money markets. Usage of the Term Panel Bank The term panel bank is commonly used in the context of financial markets, particularly in relation to the setting of benchmark interest rates such as LIBOR (London Interbank Offered Rate) and EURIBOR (Euro Interbank Offered Rate). These rates are determined based on the submissions from a group of panel banks, which provide estimates of the rates at which they could borrow unsecured funds from other banks in the interbank market. ...