EMMI Authorized as EURIBOR Administrator Under Benchmark Regulation

ESMA announced that, on July 02, 2019, the Financial Services and Markets Authority (FSMA) of Belgium has authorized European Money Markets Institute (EMMI) as the administrator of EURIBOR under the Benchmark Regulation. This decision was followed by the positive advice of the EURIBOR College of Supervisors. EURIBOR is now considered compliant with the Benchmark Regulation and has been added to the ESMA benchmark register. This means that the EU-supervised entities will be able to use EURIBOR after the end of the applicable Benchmark Regulation transitional period. Regarding EONIA, EMMI intends to apply to the FSMA for authorization of EONIA in September 2019. FSMA will make a decision on the authorization of EONIA in the coming months.