ESMA will assess compliance with ESG disclosure rules under the BMR to enhance comparability of information provided to users of benchmarks.
December 18, 2023Many non-EU benchmarks won't qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.
August 15, 2022Once the regime is implemented, CDOR will become a designated benchmark with Refinitiv Benchmarks Services formally designated as its administrator.
May 4, 2021ICE Benchmark Administration intends to continue publishing some tenors of USD LIBOR until end-June 2023, which could allow time for most legacy contracts to mature.
December 1, 2020The FSC has enacted an enforcement decree setting out the requirements for benchmark administrators, contributors and users.
November 22, 2020The majority of third-country benchmarks pose no systemic risk but could nevertheless be barred from use in the EU due to a costly and burdensome third-country benchmark regime.
June 30, 2020Legislative amendments will empower the FCA to prohibit or limit the use of LIBOR, or to direct a change in its methodology, to address the issue of 'tough legacy' contracts.
June 24, 2020While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
May 7, 2020The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark's nonrepresentativeness.
October 22, 2019The outcome of the HKMA and TMA consultation will be a turning point for financial services firms preparing for life after LIBOR, says international law firm Herbert Smith Freehills.
February 22, 2019