Authorisation of EURIBOR under the Benchmark Regulation

The Financial Services and Markets Authority (FSMA) of Belgium, on 2 July 2019, has authorised EMMI as the administrator of EURIBOR under the Benchmark Regulation (BMR), following positive advice of the EURIBOR College of Supervisors.

EURIBOR is now considered BMR-compliant and was added to the ESMA benchmark register. This means that European Union (EU) supervised entities will be able to use EURIBOR also after the end of the applicable BMR transitional period. Regarding EONIA, EMMI intends to apply to the FSMA for authorisation of EONIA in September 2019, and a decision on its authorisation will be taken by FSMA in the following months.