CFBF authorised as EU Benchmark Administrator
The Czech Financial Benchmark Facility (CFBF) is pleased to announce that it has today been authorised as a Benchmark Administrator under European Benchmark Regulation (BMR). The authorisation is granted by, and will operate under the supervision of, The Czech National Bank and is recognized by The European Markets and Securities Authority (ESMA) on its register of approved Benchmark Administrators.
Tomas Kvapil, Manager at CFBF, said, “We are especially proud that PRIBOR becomes the first interest rate benchmark to be authorized under BMR, after LIBOR in the UK. This announcement marks an important milestone in our ongoing reform program and we will continue to review measures to ensure PRIBOR is a robust and transparent benchmark that its users can rely upon”.