Application for Authorisation under BMR approved
"We are very pleased to have received authorization from Finansinspektionen. It shows that the administration and Stibor's methodology are of high quality", says Catharina Hillström, CEO of SFBF.
SFBF provides the Swedish reference rate Stibor (Stockholm Interbank Offered Rate), which is a critical benchmark according to BMR.
SFBF submitted its application to become an authorized administrator according to BMR to Finansinspektionen on 27 December 2021. The assignment is to administer, publish and manage Stibor in accordance with BMR, Swedish legislation and guidelines from Finansinspektionen and Esma.
Now that SFBF has received permission from Finansinspektionen, SFBF has been added to ESMA’s register of administrators under the BMR. Finansinspektionen will supervise SFBF as an authorized administrator of Stibor, in accordance with the requirements of the BMR.
The Swedish Financial Benchmark Facility (SFBF) is a subsidiary of the Swedish Bankers’ Association's subsidiary Financial Benchmark Sweden (FBS).