Article 23 benchmark: Difference between revisions

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imported>Doug Williamson
(Create page - source - FCA - https://www.fca.org.uk/publication/libor-notices/article-23a-benchmarks-regulation-designation-notice.pdf)
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Revision as of 22:33, 14 April 2022

Interest rates - benchmark rates - Benchmark Regulation (BMR) - Financial Conduct Authority (FCA).

Article 23 refers to Article 23 of the Benchmark Regulation (BMR).

Article 23 designation of a benchmark rate means that the regulator:

  • Considers that a benchmark interest rate is no longer representative of the underlying market.
  • Thereby becomes empowered to sustain calculation and publication of the benchmark on a synthetic basis, to secure the orderly wind down of the designated benchmarks.


See also


External link