The Polish Financial Supervision Authority (KNF) has issued a press release to inform that a number of investment funds have introduced WIRON, the Warsaw Interest Rate Overnight Index, as a component in their calculation of performance fees. The KNF has approved corresponding changes to the funds‘ statutes.
„Banks may also apply the WIRON benchmark to determine interest rate on consumer loans or mortgage loans“, so the KNF.
Other Features
benchmark
capital management companies
fees
fund
fund management
interest rate
performance fee
Date Published: 2023-02-13
Regulatory Framework: Benchmark Rate Reform
Regulatory Type: information
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