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Safe Bank

Published: 2018-03-15

A vicious circle of the benchmark reform

Piotr Mielus
Section: Problems and Opinions
https://doi.org/10.26354/bb.4.4.69.2017

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.

Vol. 69 No. 4 (2017)
Published: 2018-03-15


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Publisher
Bankowy Fundusz Gwarancyjny

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