Events listed in Benchmark Regulation (BMR)
[ESMA81-393-644 ] Final Report on the Review of the RTS on the information to be ...
ID 23467
ESMA published a final report on the review of the RTS on the information required in an application for authorization and registration under the Benchmarks Regulation, including draft RTS on that subject. The purpose of this report is to align the RTS with the changes proposed in ESMA’s previous report on the review of the RTS on recognition, ensuring equal treatment between **EU-based and ...
Public consultation on the NWG’s recommendation on interest rate derivatives
ID 23436
In view of the transition from the (use of) WIBOR, the Warsaw Interbank Offered Rate, to the Warsaw Interest Rate Overnight index WIRON, the National Working Group for the benchmark reform (NWG) has now come up with and seeks feedback on draft recommendations for an adequate fallback rate for the WIBOR benchmark in interest rate derivatives in case a fallback rate is triggered. Specifically, ...
European Commission call for evidence on the review of the scope and regime for ...
ID 23132
EFAMA has responded to the EC’s call for evidence on the review of the scope and regime for non-EU benchmarks. In its response, EFAMA expresses support for the EC’s efforts to address the problem areas identified in the Call for Evidence. In particular, EFAMA agrees that only a few non-EU administrators have made the necessary steps to obtain access to the EU market through ...
Referenzzinssatz LIBOR: BaFin-Empfehlungen zur geplanten Einstellung
ID 23091
In einer Publikation erinnert die BaFin beaufsichtigte Unternehmen daran, dass der Referenzzinssatz LIBOR zum 30. Juni 2023 eingestellt wird. BaFin empfiehlt: – Keine Neuverträge abzuschließen, die auf LIBOR Referenzzinssätze Bezug nehmen. – Robuste Rückfallklauseln in allen Verträgen mit Bezug auf LIBOR zu überprüfen. – Die Verwendung von synthetischen Raten bei Bezug auf LIBOR möglichst gering zu halten. Der Finanzstabilitätsrat (FSB) hat ebenfalls Empfehl ...
The Steering Committee of the National Working Group has endorsed recommendations ...
ID 22616
The Polish Financial Supervision Authority, KNF, has published a press statement to announce the achievement of another milestone by the National Working Group in its preparation of the benchmark rate reform and the transition from WIBOR, the Warsaw Interbank Offered Rate, to WIRON, the Warsaw Interest Rate Overnight index. Specifically, the group has issued the following three final recommendations for the use of WIRON ...
SWESTR will be published earlier in the day
ID 22611
Following a corresponding consultation in February this year (please see EventID 19816 in this context), the Central Bank of Sweden, Riksbank, has made a final decision as regards its proposed modification to the publication time of the SWESTR, the Swedish krona Short Term Rate, the proposed additional publication of daily rate variances, and proposed modifications to the content of the quarterly report issued by ...
New papers of the National Working Group for benchmark reform
ID 22301
On March 16, 2023, the National Working Group for the benchmark reform (NWG) has published several documents in connection with the benchmark rate reform and the transition from WIBOR, the Warsaw Interbank Offered Rate, to WIRON, the Warsaw Interest Rate Overnight index. Specifically, the group issued the following four documents: 1. [**Recommendation on the application of the WIRON index in issues of floating-rate debt ...
Summary of conclusions from the public consultation on Recommendation on the ...
ID 21948
Following the issuance of draft recommendations as to the application of the WIRON index in issues of floating-rate debt securities, the National Working Group for the benchmark reform (NWG) has now published a summary of conclusions in this context. Specifically, the document outlines the responses the NWG has received to its consultation and describes the way forward on this matter. To recall, in its ...
Consultation on SWESTR
ID 21905
The Central Bank of Sweden, Riksbank has launched a consultation as regards proposed modification to the publication time of the SWESTR, the Swedish krona Short Term Rate, the proposed additional publication of daily rate variances, and proposed modifications to the content of the quarterly report issued by Riksbank on the SWESTR. The Swedish krona Short Term Rate is an overnight index rate „based on ...
Public consultation on the NWG’s recommendations on factoring and leasing products
ID 21708
In its final efforts to replace WIBOR, the Warsaw Interbank Offered Rate, as a benchmark interest rate with WIRON, formerly known as WIRD, the Warsaw Interest Rate Overnight index, the National Working Group for the benchmark reform (NWG) has now come up with and seeks feedback on (1) [recommendations as to the rules and methods of applying the WIRON interest rate index (or indices ...