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
Related Articles
PRA Finalizes Approach to Supervision of International Banks
In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.
FCA Issues PS21/9 on Implementation of Investment Firms Regime
The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.
EBA Proposes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.
IOSCO Proposes Recommendations on ESG Ratings and Data Providers
The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.
EC to Defer Application of SFDR Standards Till July 2022
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
EBA Seeks Views on Proportionality Assessment Methodology
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
US Agencies Propose Changes to Call Reports and Instructions
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
PRA Finalizes Rulebook Definition of Higher Paid Material Risk-Taker
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
EBA Examines Asset Encumbrance in Banking Sector
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
