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RIMES Regulatory Seminar – Preparing for the EU Benchmark Regulation (BMR)

At the end of March, the European Securities and Markets Authority (ESMA) published its final report containing the draft regulatory and implementing technical standards (RTS/ITS) under the new Benchmarks Regulation (BMR) aimed at ensuring the accuracy and integrity of benchmarks across the European Union. ESMA has now submitted the RTS to the European Commission, which has three months in which to approve or reject them. The Regulation, fully coming into force on 1 January 2018, includes provisions ensuring:

  • the full process of provision of a benchmark is checked by a new oversight function that administrators have to establish
  • the potential manipulation of benchmarks is minimised, through new rules regarding the methodology of calculation and the contribution of input data
  • that conflicts of interest of administrators and contributors are properly managed
  • a level playing field across different Member States for the authorisation and registration of benchmark’s administrators

Speakers:

  • Will Dibble
    Partner Financial Services & Products Group
    CMS Cameron McKenna LLP
  • Michael Cavers
    Partner Financial Services & Products Group
    CMS Cameron McKenna LLP
  • Stephen Farrell
    Director, Deloitte Benchmarks Team
    Deloitte
  • Joanna Perkins
    Chief Executive
    FMLC – Financial Markets Law Committee (Patrons including Bank of England, Association for Financial Markets in Europe, Lloyd’s of London, COMBAR and FIA)
  • Bruno Piers de Raveschoot
    Chief Operating Officer Regulatory Division
    RIMES

For more information please contact events@rimes.com or register here.
*Please note that places are limited and registration is mandatory for this conference. Due to the nature of our events, this seminar is reserved for asset managers, owners and servicers.