EUR-Lex Access to European Union law
This document is an excerpt from the EUR-Lex website
Use quotation marks to search for an "exact phrase". Append an asterisk (*) to a search term to find variations of it (transp*, 32019R*). Use a question mark (?) instead of a single character in your search term to find variations of it (ca?e finds case, cane, care).
Need more search options? Use the
Advanced search
You are here
Document 52020PC0337
Review of the Benchmark Regulation
Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) 2016/1011 as regards the exemption of certain third country foreign exchange benchmarks and the designation of replacement benchmarks for certain benchmarks in cessation
- Initiative summary:
- The initiative aims to ensure that European citizens and businesses have access to a variety of robust and reliable financial benchmarks. All EU banks, both small and large, use critical interest rate benchmarks to conduct wholesale financing competitively, as well as to grant loans to consumers and businesses. In addition, EU market participants should continue to have access to benchmarks to hedge currency and interest rate risk, even where those benchmarks are only produced outside the EU.
- EuroVoc thesaurus:
- financial control; foreign exchange market; third country; monetary relations; consumer protection; financial market; financial legislation; benchmarking; price index
-
- Documents:
-
Ares(2020)1947870 (Inception impact assessment)
Ares(2020)1637928 (Inception impact assessment) - Leading service:
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
- Planned adoption period:
- 01/07/2020 - 30/09/2020
- Open public consultation planned
- 01/10/2019 - 31/12/2019
- Check the status of this initiative on the Better Regulation Portal
-
- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 4
-
- Documents:
-
COM/2020/337 final (Proposal for a regulation)
SWD/2020/142 final (Impact assessment)
SWD/2020/143 final (Summary of impact assessment)
SEC(2020)284 (Opinion on impact assessment) - Leading service:
- Directorate-General for Financial Stability, Financial Services and Capital Markets Union
-
- Consultation type:
- Stakeholder feedback
- Consultation duration (weeks):
- 8