On 11 October 2019, the European Commission published a public consultation document on the review of the BMR (the “Consultation”). The FMLC has submitted a response
Tag: Benchmark Transition
Benchmark Transition: Legacy Contracts and Legal Risks
FMLC CEO Joanna Perkins gave a speech at Infoline’s Risk Free Rate conference on navigating the transition to a Risk Free Rate. She provided an overview of the Financial Stability […]
Journal Article: The market transition pathway from LIBOR to “risk-free” rates: 16 April 2018
In an article for Butterworth’s Journal of International Banking and Finance Law, Dr Perkins and Jennifer Enwezor, former Project Manager at the FMLC Secretariat, examine the difficulties in the transition […]
Journal Article: Benchmark Transition under the new E.U. Regulation: November 2017
Dr Perkins published an article entitled Benchmark transition under the new E.U. Regulation in the November edition of the Butterworths Journal of International Banking and Financial Law. The article provided […]
Letter to Bank of England: Response to BoE White Paper on SONIA: 9 October 2017
In June 2017, the Bank of England’s Working Group on Sterling Risk-Free Reference Rates published a White Paper entitled SONIA as the RFR and approaches to adoption. The Working Group […]
Letter to U.K. Debt Management Office: Withdrawal of Reference Prices for Gilts: 31 March 2017
Following the publication of the final report of the Independent Reference Prices Review in October 2016, the FMLC was alerted to concerns regarding the short transition period between the provision […]
Letter to Bank of England: Reform of SONIA: 30 December 2016
The FMLC responded to a consultation paper published by the Bank of England in October 2016 on the evolution of the SONIA benchmark. The Consultation Paper sets out proposals for […]
Report: Observations on Proposals for Benchmark Reform: 1 December 2012
FMLC report entitled Observations on proposals for benchmark reform, published 1 December 2012. Available as: PDF