Ensuring a risk free access for EU companies to non-EU benchmarks

Deutsches Aktieninstitut welcomes the opportunity to comment on the European Commission’s Inception Impact Assessment on the review of the Benchmarks Regulation (BMR). We welcome the initiative to improve the BMR, to ensure the continued availability to EU users of third country benchmarks for which no suitable alternative exists in the Union and to improve the user-friendliness of the regime for benchmark users.

Deutsches Aktieninstitut calls, among other things, for a permanent solution regarding the use of third-country benchmarks, which include, for example, currency fixings. These play an important role in derivatives used to hedge against exchange rate risks for the operational business.