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.
Related Links
Keywords: Europe, EU, Banking, Securities, EURIBOR, EONIA, EMMI, Interest Rate Benchmarks, Benchmarks Regulation, Benchmarks Register, FSMA, ESMA
Previous Article
EBA Publishes Risk Dashboard for First Quarter of 2019Next Article
ESRB Publishes Quarterly Risk Dashboard in June 2019Related Articles
Regulators Fine Goldman Sachs for Risk Management Failures
FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).
Canada Hosts International Conference of Banking Supervisors
BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.
FCA Proposes More Measures to Help Insurance Customers Amid Crisis
FCA proposed guidance on how firms should continue to seek to help customers who hold insurance and premium finance products and may be in financial difficulty because of COVID-19, after October 31, 2020.
EBA Issues Opinion to Address Risk Stemming from Legacy Instruments
EBA issued an opinion on prudential treatment of the legacy instruments as the grandfathering period nears an end on December 31, 2021.
ESRB Publishes Non-Bank Financial Intermediation Risk Monitor for 2020
ESRB published the fifth issue of the EU Non-bank Financial Intermediation Risk Monitor 2020 (NBFI Monitor).
HM Treasury Publishes Policy Statement Amending Benchmarks Regulation
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
APRA Initiates Action Against a Bank for Liquidity Compliance Breach
APRA announced that it has increased the minimum liquidity requirement of Bendigo and Adelaide Bank for failing to comply with the prudential standard on liquidity.
PRA Consults on Implementation of Certain Provisions of CRD5 and CRR2
PRA published the consultation paper CP17/20 to propose changes to certain rules, supervisory statements, and statements of policy to implement elements of the Capital Requirements Directive (CRD5).
US Agencies Finalize Rule to Reduce Impact of Large Bank Failures
US Agencies adopted a final rule that applies to advanced approaches banking organizations and aims to reduce interconnectedness in the financial system as well as to reduce contagion risks associated with the failure of a global systemically important bank (G-SIB).
US Agencies Finalize Rule on Net Stable Funding Ratio Requirements
US Agencies (FDIC, FED, and OCC) adopted a final rule that implements the net stable funding ratio (NSFR) for certain large banking organizations.
