ISDA and 13 other trade associations have published a paper expressing concern that the EU Benchmarks Regulation (BMR) third-country benchmarks regime transition period should be extended to end-2025.
The European Parliament and the Council of the European Union are in final negotiations on a revision of BMR, with the council having supported an extension to end-2025 in its version of the draft text. The
associations believe this extension is urgently needed to prevent
putting EU firms being placed at a competitive disadvantage in global
markets and to allow policy-makers to conduct a comprehensive review of
the current third-country regime under BMR.
for Joint Trade Associations Paper Requesting an Extension of the Third-country Benchmarks Transition Period
ISDA - BMR third country regime(pdf)
© ISDA - International Swaps and Derivatives Association
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