Chair of Euribor replacement rate group to step down

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Chair of Euribor replacement rate group to step down

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A logo sign outside of a facility occupied by the ING Group in Milan, Italy on September 3, 2016. Photo by Kristoffer Tripplaar | Kris Tripplaar/SIPA USA/PA Images

Koos Timmermans, the outgoing chief financial officer of Dutch bank ING, will be stepping down from his role as the chairman of the working group on euro risk-free rates, according to a European Central Bank (ECB) spokesperson.

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