On 24 October 2024, there was published the European Parliament’s position adopted at first reading on 24 April 2024 with a view to the adoption of Regulation (EU) 2024 amending Regulation (EU) 2016/1011 as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in
On 12 June 2024, the European Commission (Commission) published a report on the delegation of power to adopt delegated acts conferred on the Commission pursuant to the Benchmarks Regulation (BMR).
Article 49(2) of the BMR provides that the power to adopt delegated acts is conferred on the Commission for a five-year
On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed Regulation amending the Benchmarks Regulation as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country and certain
On 19 March 2024, the European Parliament published a report by the Committee on Economic and Monetary Affairs (ECON) on the proposed Regulation amending the Benchmarks Regulation as regards the scope of the rules for benchmarks, the use in the Union of benchmarks provided by an administrator located in a third country, and
On 11 March 2024, the European Commission published a draft Delegated Regulation amending Delegated Regulation (EU) 2022/805 as regards harmonisation of certain aspects of fees charged by the European Securities and Markets Authority (ESMA) to certain benchmark administrators. The purpose of the draft Delegated Regulation is to bring the modalities of the calculation
The European Money Markets Institute (EMMI) has concluded its public consultation on proposed enhancements to the Euribor benchmark’s methodology, with support from industry participants. The consultation, which aimed to refine the Euribor hybrid methodology, received positive responses and provided insights into the future of the benchmark.
Industry support