NY Fed’s EFFR and OBFR benchmarks in compliance with IOSCO’s principles

The Federal Reserve Bank of New York’s Audit Group has independently reviewed the organizational and operational framework used to administer the EFFR and the OBFR and has determined that they are in compliance with the Principles for Financial Benchmarks published by the International Organization of Securities Commissions (IOSCO).

In 2013, IOSCO published its principles, which have been endorsed by the Financial Stability Board as being standards of best practice for benchmark administration. Because the Federal Reserve Bank of New York is a component of the Federal Reserve System and administers the EFFR and the OBFR for public policy purposes, the EFFR and the OBFR are not within the scope of the principles. However, as a matter of policy, the Federal Reserve Bank of New York is committed to administering the benchmarks in a manner consistent with the Principles.

Read the full compliance paper

Related Posts

Previous Post
The US Senate’s obvious Volcker Rule arbitrage for trading and financing
Next Post
DTCC and Taskize team up for trade exceptions processing

Related Posts

Fill out this field
Fill out this field
Please enter a valid email address.


Reset password

Create an account