A stable, well-functioning financial market for allA stable, well-functioning financial market for allResult
2023
Swedish Financial Benchmark Facility AB receives authorisation as administrator of STIBOR under BMR
Finansinspektionen grants Swedish Financial Benchmark Facility AB (SFBF) authorisation as an administrator of STIBOR under the EU regulation on benchmarks (BMR).
Authorisation as an administrator of STIBOR – FI assesses that the application is complete
Swedish Financial Benchmark Facility AB 's (SFBF) application to become an authorised administrator of STIBOR in accordance with the EU’s Benchmark Regulation (BMR) has of 2 January 2023 been assessed to be complete.
2021
Application for administrator authorisation – STIBOR may continue to be used while FI evaluates the application
Swedish Financial Benchmark Facility AB (SFBF) submitted an application to Finansinspektionen (FI) on 27 December 2021 to become an authorised administrator in accordance with the EU’s Benchmark Regulation (BMR).
Recommended actions in the event STIBOR is no longer provided
The Swedish Bankers’ Association published a recommendation yesterday on the actions users of the STIBOR reference rate should take if STIBOR were no longer provided. Finansinspektionen (FI) would therefore like to clarify how we will issue statements, if necessary, in the event STIBOR ceases to be provided.
2020
The Swedish Bankers’ Association transfers administration of STIBOR to Swedish Financial Benchmark Facility
The Swedish Bankers’ Association has announced that the association is transferring the administration of the Swedish benchmark STIBOR to Swedish Financial Benchmark Facility (SFBF), whereupon the task of adapting STIBOR to the requirements set out in the EU Benchmarks Regulation falls to SFBF. Finansinspektionen will assess the application for authorisation of SFBF as administrator of STIBOR when it is submitted.
ESMA’s guidelines on alternative performance measures – questions and answers on COVID-19
Due to the coronavirus pandemic, the European Securities and Markets Authority (ESMA) has published new Q&As on its guidelines for alternative performance measures (APMs). ESMA aims with this document to continue to promote common application of the guidelines in the EU countries.
2018
FI Analysis 14: Reference rates are changing
Reference rates are important since they are used in many financial contracts, and it is therefore crucial that they are fair, transparent and accurately reflect the underlying market.
2017
Summary of the rules
Finansinspektionen (FI) is the competent authority under the BMR. This means that FI assesses the applications, registrations and notifications that can or must be submitted according to the regulation. As the competent authority, FI shall also conduct supervision of administrators, contributors and users.
About BMR
The EU regulation on benchmarks (Benchmarks Regulation (BMR)) came into effect on 1 January 2018 and it applies directly, without any implementation via Swedish law. The regulation will be supplemented with additional EU legislation in the form of delegated acts and implementing acts, which will specify the details in certain areas of the Benchmarks Regulation.
Benchmarks (BMR)
On 1 January 2018, new rules for benchmarks started to apply in the EU via the Benchmarks Regulation (BMR). The new regulation affects all firms providing indices that are used as benchmarks and the firms that contribute input data to such indices. The regulation affects firms that use the benchmarks if the firms are subject to FI’s supervision.
