ACI Portugal - Seminar on Benchmark Regulation and the Impact on EURIBOR

  • Start Date
    02/04/2020
  • End Date
    02/04/2020
  • Location
    Lisbon, Portugal

In the last few years, following the numerous instances of benchmark manipulation, some concerns were raised on the reliability and integrity of several interest rate benchmarks, such as the EURIBOR and LIBOR.

Given the importance of benchmarks for financial markets, the European Union has adopted the Benchmark Regulation (EU) 2016/2011 (BMR), to regulate indices used as benchmarks in financial instruments and financial contracts.

Having been applied from 1st January 2018, with a transitional period that closed in 1st January 2020 and where a phased adoption is possible until 31st December 2021, it is essential that users and administrators of benchmarks understand all the impacts of the BMR.

Therefore, ACI Portugal and Global Rate Set Systems, an entity specialised in providing services and expertise in financial benchmarks and indices, would like to invite you for a presentation on the Benchmark Regulation and its impact on EURIBOR.

The presentation will be delivered by Neil Donaldson, Business Manager for Europe for Global Rate Set Systems, and focussed on:

- Brief summary of Benchmark Regulation;

- Impacts and changes in banks’ governance models;

- Methodologies used for EURIBOR contributions;

- The change for a Risk Free Rate and the different approaches in various jurisdictions (with a focus on the Eurozone).

The presentation will take place in ACI Portugal’s Lisbon head-office (Rua Dom Luis de Noronha, 4 Piso 8, 1050-072 Lisbon) on 2nd April 2020 at 5pm. It will be followed by a Q&A session and a Cocktail in the Rooftop of ACI Portugal.

To register your attendance, please send an email to geral@aci-portugal.com

For further information on Global Rate Set Systems, please check their website on https://globalrateset.com/


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