Regulatory Alerts2022-10-19
AFM Market Watch 7 - Benchmarks
The Dutch Authority for the Financial Markets (AFM) issued this Market Watch to detail its supervisory role under the Benchmark Regulation (BMR) and highlight key benchmark types including ESG, commodity, and IBOR indices. The document outlines the AFM's oversight of 11 benchmark administrators, noting governance improvements needed and specific transparency requirements for climate-related benchmarks to prevent greenwashing. It further reports on the successful market-wide transition away from Interbank Offered Rates (IBORs) to risk-free rates and provides data on repo transaction activity influenced by recent geopolitical events.
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