The European Benchmarks Regulation (BMR) has been part of the European capital markets landscape for some time now, but its various tenets continue to throw up challenges for financial services firms within its purview. Initially, it was the buy side under pressure to comply, but now the sell side is in BMR’s sights.
- Ostensibly, it might appear as though buy-side firms are coping well with their BMR obligations, but closer scrutiny indicates that, while their benchmark inventories tend to be smaller than those on the sell side, they still have their work cut out in terms of managing their various BMR processes in-house.
- Sell-side firms’ challenges tend to be greater than those facing the buy side, given the large number of benchmarks and indexes they typically use, and the fact that benchmarks and indexes do not currently have unique identifiers, making it difficult for firms to ascertain whether then are in scope or out of scope under BMR.
- Establishing a benchmark and index inventory can be managed in-house if the numbers are small, but once they exceed 500, that undertaking becomes significantly more complex and laborious.
Read or download the full report, published in collaboration with WatersTechnology:
The content provided in these articles is intended solely for general information purposes, and is provided with the understanding that the authors and publishers are not herein engaged in rendering regulatory or other professional advice or services. Consequently, any use of this information should be done only in consultation with qualified legal counsel. The information in these articles was posted with reasonable care and attention. However, it is possible that some information in these articles is incomplete, incorrect, or inapplicable to particular circumstances or conditions. We do not accept liability for direct or indirect losses resulting from using, relying or acting upon information in these articles.
- ESG Disclosure Regulations in the EU – Delay is not the Answer
- Strategic Technology Adoption for Market Surveillance
- RIMES Named a Leading Trade Surveillance Technology Provider by Greenwich Associates
- RIMES wins Best Data Management Product at the HFM European Technology Awards
- RIMES Panel: Global Data Management Trends in a Time of Crisis