ESMA Recognizes CME Group's Benchmark Administration as Third-Country Administrator
ESMA has recognized CME Group Benchmark Administration as a third-country benchmark administrator under the EU Benchmarks Regulation, ensuring European institutions can continue using CME Term SOFR without disruption. This recognition highlights the importance of CME Term SOFR in USD interest rate exposure management and reinforces CME Group's role in providing reliable reference rates.
Tickers: $CME
Topics: Benchmark Regulation CME Group CME Term SOFR ESMA EU BMR