EU allows continued use of New Zealand regulated financial benchmarks
FMA welcomes EU decision recognising NZ financial benchmarks as equivalent ensuring BKBM use in EU from January 2026.
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FMA welcomes EU decision recognising NZ financial benchmarks as equivalent ensuring BKBM use in EU from January 2026.
New Zealand Financial Benchmark Facility NZFBF licensed under FMC Act as Administrator for BKBM NZGS NZSW NZBO NZBR benchmarks.
Bank Bill Benchmark Rate and closing rates guidance note clarifies the FMA’s expectations about the trading conduct and controls for firms participating in the trading that sets BKBM and closing rates in the New Zealand market.
The Financial Markets Authority (FMA) published today guidance on conduct and expected controls in relation to trading that sets the Bank Bill Benchmark Rate (BKBM) and closing rates. Alongside this, the FMA is also publishing an overview of BKBM and benchmarks, their purpose and how they are regulated.
Bank Bill Benchmark Rate and closing rates resource sheet explains how BKBM and closing rates operate and are regulated in New Zealand. It is aimed at local bank staff involved in trading activity or oversight of trading activity.
Blackbird Ventures NZ including: Blackbird GP NZ Limited, Blackbird Ventures NZ Limited, Blackbird GP22 NZ Limited, and Blackbird NZ 2022 Management Limited.
This resource sheet explains how BKBM and closing rates operate and are regulated in New Zealand. It is aimed at local bank staff involved in trading activity or oversight of trading activity.