Application for Authorisation under BMR approved
The Swedish Financial Benchmark Facility (‘SFBF’) is as of April 21, 2023, authorised by the Swedish Financial Supervisory Authority (‘Finansinspektionen’) to operate as a benchmark administrator pursuant to Article 34.1.a of the EU Benchmarks Regulation (‘BMR’).
“We are delighted to having received authorization from the Swedish FSA. This is a testament to the quality of the administration and methodology of STIBOR.” Said Catharina Hillström, CEO of SFBF.
SFBF has been added to the European Securities and Markets Authority’s register of administrators under the BMR. Finansinspektionen will conduct ongoing supervision of SFBF as an administrator of STIBOR in accordance with the requirements set out in the BMR.
The Swedish Financial Benchmark Facility lodged the application for becoming an authorised administrator of critical benchmarks, in accordance with the BMR, with Finansinspektionen, the Swedish Financial Supervisory Authority, on 27 December 2021.
The Swedish Financial Benchmark Facility is the administrator for the Swedish interest rate benchmark, STIBOR, the ‘Stockholm Interbank Offered Rate’. Its mission is to administer, publish and manage STIBOR in accordance with provisions of the Benchmark Regulation (EU BMR), Swedish legislation and guidelines from the Swedish Financial Supervisory Authority and the European Securities and Markets Authority.
Please see the statement from the Swedish Financial Supervisory Authority, Finansinspektionen, on their website, www.fi.se.