Rimes Launches Benchmarks Regulation Solution

The BMR aims to introduce a common framework and consistent approach to benchmark regulation across the EU. Supervised entities that use indices as benchmarks and issue financial instruments or contracts that reference an index are considered BMR users. As such, they are required to determine which of the indices they use constitute a benchmark and whether they can use those benchmarks in the EU. If any of the benchmarks are withdrawn under the regulation, firms must have a substitute benchmark