Refinitiv RBSL expands lineup of compliant EU BMR Indices & Benchmarks

Maria Nikolova

The company extended its administration of EU BMR compliant indices and benchmarks to include: WM/Reuters Spot, Forward and NDF benchmark rates; Thomson Reuters/CoreCommodity CRB Index; and Thomson Reuters Convertible Indices.

Provider of financial markets data and infrastructure Refinitiv has announced that Refinitiv Benchmark Services (UK) Limited (RBSL), has extended its administration of EU BMR compliant indices and benchmarks to include: WM/Reuters Spot, Forward and NDF benchmark rates; Thomson Reuters/CoreCommodity CRB Index; and Thomson Reuters Convertible Indices.

The addition of these benchmarks underlines Refinitiv’s commitment to continually provide clients and the financial industry with transparent data and insights.

Since 2018, the Financial Conduct Authority (FCA) has authorized RBSL as a regulated administrator of benchmarks under the EU BMR, which has included the following: WM/Reuters London 4pm Closing Spot Rates; Canadian Dollar Offered Rate (“CDOR”); Canadian Offered Repo Rate Average (“CORRA”); Saudi Arabian Interbank Offered Rate (“SAIBOR”).

The EU BMR aims to regulate the provision of contribution to and use of a wide set of benchmarks. The purpose of the legislation is to ensure the reliability of benchmarks and minimize conflicts of interest in benchmark-setting processes. EU BMR builds on the IOSCO principles for financial benchmarks and applies to any benchmark used within the EU.

Refinitiv has more than 25 years of experience in designing, calculating, governing, administering and publishing financial benchmarks that are at the core of the global financial system.

Shirley Barrow, Global Head Benchmarks & Index, Refinitiv, said: “Expanding our role as a registered EU BMR administrator to cover the full suite of WMR benchmarks, convertible indices and commodity indices, provides users with the confidence and trust that these benchmarks are meeting high standards in methodology, integrity, independent oversight and scrutiny and can be used for the financial purposes as outlined in the EU BMR.”

“Recognizing market participants’ reliance on benchmarks parallels the importance of stringent regulatory standards. This ensures that greater transparency and trust are reflected as key criteria and benefits for our clients,” added Barrow.

Read this next

Reviews

Traders Union Experts Share The Trading Analyst Review For 2024

Navigating options trading in rapidly shifting markets poses a considerable challenge. This is where options trading alert services become invaluable. They aid traders in keeping abreast of evolving opportunities and market trends. In this assessment, Traders Union experts scrutinize The Trading Analyst alert service to ascertain its efficacy. 

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

<