Benchmark Control Framework – Czech Financial Benchmark Facility

The CFBF Board is responsible for adopting and maintaining the benchmark control framework ensuring that the PRIBOR benchmark is determined and published in accordance to the applicable Principles, legislation, regulation and CFBF governance arrangements including the Code of Conduct and CFBF policies, procedures and work practices. The control framework provides the CFBF Board, the PRIBOR Oversight Committee and the CFBF Secretariat with the means to ensure:

Management of conflicts of interest situations
Management of operational risk
The quality of the determination process and PRIBOR data as well as the determination methodology
Compliance of contributors with defined standards
The benchmark is operated by experienced and/or adequately trained personnel