All posts tagged "BMR"
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409EuropeIndustry Bodies Call on EU to Reform Benchmarks Regulation
The 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, 2020 -
486EuropeEU Benchmark Equivalence Regime Not Scalable: ISDA, FIA
While the Associations welcome the legal approach taken, they highlight that the draft equivalence decision excludes the widely referenced Nikkei and JPX benchmarks.
May 7, 2020 -
620EuropeMAS, ESMA Sign MOU on Singapore’s Financial Benchmarks
The MOU and last year's equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.
April 18, 2020 -
717Europe
ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks
ESMA says BMR's wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.
February 18, 2020 -
663Asia-PacificAsian Benchmark Administrators Face ‘Perfect Storm’ in 2021
The BMR transition period is now scheduled to end alongside LIBOR's discontinuation, creating a "perfect storm" of regulatory change for benchmark administrators and users at end-2021.
December 17, 2019 -
751FeatureS. Korea Passes Benchmark Legislation, Seeks BMR Equivalence
The new legislation will strengthen the management and supervision of financial benchmarks and their administrators, the FSC said.
November 4, 2019 -
2.1KAsia-PacificTransitioning Away from IBORs: The View from Asia
Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.
October 30, 2019 -
1.1KFeatureISDA Publishes Final Results of IBOR Pre-Cessation Consultation
The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark's nonrepresentativeness.
October 22, 2019 -
408Australia & NZASIC, ESMA Sign MOU to Cooperate on Benchmarks
The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.
October 22, 2019 -
723Asia-PacificAPAC Central Banks Prepare Market for Benchmark Reforms
A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.
September 27, 2019
