6 An important segment of the euro interest rate swap market is the euro overnight index swap market, where the launch of the EONIA Swap Index in June 2005 is evidence of both its importance and its further potential. Indeed, this market segment is almost perfectly integrated, with a cross-country standard deviation for EONIA Swap Index quotations of 0.1-0.2 basis point.
One impact that the Sarbanes-Oxley Act is having on preparers and auditors of financial statements is the quest for more “bright line” rules so they can more readily know when an interpretation comes close to the acceptable limit.