A vicious circle of the benchmark reform
Journal Title: BEZPIECZNY BANK - Year 2017, Vol 69, Issue 4
Abstract
The Benchmark Regulation (BMR) imposes the necessity of the conversion of the quote-based financial indices to the transactional-based ones. The reform is a challenge for administrators of indices that perform feasibility studies of the conversion process. The article analyses pros and cons of various methods of the index reform indicating the optimal path of such activity as far as money market is concerned. A choice for a “parallel listing” path seems to be the safest one if one takes into account the legal and economic risks embedded in various transition models.
Authors and Affiliations
Piotr Mielus
Keywords
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- EP ID EP272848
- DOI 10.26354/bb.4.4.69.2017
- Views 101
- Downloads 0
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