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

  • Location
    Lisbon, Portugal

Update:

As we all know, the rapid expansion of the COVID-19 has caused the implementation of several drastic measures that have the objective to contain its growth, always with the objective of protecting the health and well-being of every person.

Therefore, and because ACI Portugal also wants to ensure the maximum security of our members, we hereby announce the postponement of this Seminar, initially scheduled to happen on April 2nd 2020.

Global Rate Set Systems is completely in agreement with this postponement, and will be available for its rescheduling in a future date.

If you had registered to this event, we hereby inform you that you will need to register again when the new date is set.

Thanks you for your understanding.

ACI Portugal

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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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