The Swedish Financial Benchmark Facility is an independent benchmark administrator, specifically established to administer the Stockholm Interbank Offered Rate, known as STIBOR. STIBOR is a widely used financial benchmark designed to reflect the average rate at which a number of banks, active in the Swedish money market, are willing to lend to one another without collateral at different maturities.
Our primary purpose is to provide a best practice governance environment for the STIBOR benchmark applying international guidelines and regulations, overseen by an independent Oversight Committee. In parallel the Board, and its committees, will consider how STIBOR should best evolve for the benefit of its users and the broader Swedish financial markets.
STIBOR has been classified as a critical interest rate benchmark. SFBF is in the process for seeking authorisation from the Swedish FSA, Finansinspektionen to operate as an approved Administrator under European Benchmark Regulation (EU BMR). SFBF intends to submit a formal application for authorisation during 2021.
This website will provide updates to all interested stakeholders on this process and other relevant governance and compliance links and information.