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FSMA Authorized EMMI for Provision and Administration of EONIA under EU BMR

The Belgian Financial Services and Markets Authority (FSMA) authorized the European Money Markets Institute on 11 November for the provision and administration of EONIA under Article 34 of the EU Benchmarks Regulation (EU BMR).

“EMMI has provided the FSMA with comprehensive information attesting that all the necessary arrangements to meet the requirements in the EU BMR have been made for EONIA. EMMI’s application has been thoroughly examined by the FSMA which has also consulted the college of supervisors for EONIA before granting the authorisation”, said EMMI’s Secretary-General Jean-Louis Schirmann

EMMI has announced that it will publish the Benchmark Statement for EONIA shortly after its inclusion in the ESMA Register.

Furthermore, EMMI adds that it is fully supportive of a smooth transition to the €STR for EONIA® users and will, in this perspective, continue to publish EONIA® every TARGET day until the benchmark’s discontinuation.