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 法规 (EU) No 2016/1011

I. 描述

The integrity of benchmarks is critical to the pricing of many financial instruments, such as interest rate swaps, and commercial and non-commercial contracts, such as loans and mortgages, and risk management. Any risk of manipulation of benchmarks may undermine market confidence, cause significant losses to investors and distort the real economy.

The changes proposed by the Commission to its  market abuse and criminal sanctions proposals alone will not improve the way benchmarks are produced and used. EU regulation is necessary to improve the functioning and governance of benchmarks and to ensure that benchmarks produced and used in the EU are robust, reliable representative and fit for purpose and that they are not subject to manipulation.

The Regulation will contribute to the accuracy and integrity of benchmarks used in financial instruments and financial contracts by:

  • ensuring that benchmark administrators are subject to prior authorisation and on-going supervision depending on the type of benchmark (e.g. commodity or interest-rate benchmarks);
  • improving their governance (e.g. management of conflicts of interest) and requiring greater transparency of how a benchmark is produced;
  • ensuring the appropriate supervision of critical benchmarks, such as Euribor/Libor, the failure of which might create risks for many market participants and even for the functioning and integrity of markets of financial stability.

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II. 基本信息

标题

Regulation of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending directives 2008/48/EC and   2014/17/EU and regulation (EU) No 596/2014

缩写
Benchmark Regulation
状态
现存
法规
(EU) No 2016/1011
官方. 版本
公告. EU 号. L (Legislation), 公布 171, 年 2016, S.1-65
日期
2016/06/08
公告
2016/06/29
法案
Lamfalussy-框架法案
通过
法律基础
Art. 114 AEUV
法的实施
Codecision procedure

III. 文本和产生历史

1. 文本

Titel
Allg. Daten
Textfassung

原始.版本 Benchmark Regulation:
Regulation of the European Parliament and of the Council on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending directives 2008/48/EC and   2014/17/EU and regulation (EU) No 596/2014

  (EU) No 2016/1011

Beschluss:
2016/06/08 (D)
Verkuendung:
2016/06/29 (V)
(D) 日期 | (V)公布

2. 发生史

Datum
Typ / Titel
Textfassungen
2014/01/21
Opinion of the European Economic and Social Committee
INT/718
2014/01/07
Opinion of the European Central Bank
ABL 2014/C 113/1
2013/09/18
Commission staff working paper
SWD(2013) 336 final
2013/09/18
Commission staff working paper
SWD(2013) 337 final (executive summary)
2013/09/18
Proposal
COM(2013) 641 final

3. 意见

Datum
Stellungnahme
Textfassungen
2013/11/13
Gesamtverband der Deutschen Versicherungswirtschaft (GDV)
相关意见: Kommissionsvorschlag
2013/11/06
Die Deutsche Kreditwirtschaft (DK)
相关意见: Kommissionsvorschlag

4. 影响

Auswirkungstyp
Richtlinie
Textfassungen
修改
  法规 (EU) No 596/2014
修改
  法律指令 2014/17/EU
修改
  法律指令 2008/48/EC

V. Umsetzung in den Mitgliedstaaten

1. 在德国的实施

(B) 决定 | (V) 公告

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Legislative Act Status

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目录

I. 描述
II. 基本信息
III. 文本和产生历史
1. 文本
2. 发生史
3. 意见
4. 影响
IV. 实施- / 委托的法案 第二层次)
1. 通过
V. Umsetzung in den Mitgliedstaaten
1. 在德国的实施