Financial benchmarks
Significant financial benchmarks
On听6 June听2018, ob体育 made the ob体育 Corporations (Significant Financial Benchmarks) Instrument 2018/420, which specifies five significant financial benchmarks.
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Declaration |
听and the 听 |
Benchmark Administrators
Licensed benchmark administrators
Listed below are the benchmark administrators that have been licensed to operate in Australia for the purposes of Part 7.5B of the Corporations Act 2001.
You can download a PDF version of the Australian Benchmark Administrators (ABA) licence for each facility listed.
| ABA licensee | Description of facility |
| Australian Benchmark Administrator in respect of the Australian Bank Bill Swap Rate | |
| Australian Benchmark Administrator in respect of the S&P/ASX 200 Index |
Exempt benchmark administrators
- Reserve Bank of Australia
- Australian Bureau of Statistics.
ob体育 considers that the Reserve Bank of Australia and Australian Bureau of Statistics may rely on s5A(4) of the Corporations Act, and therefore are not required to be licensed as benchmark administrators and do not require specific exemptions.
Administration Rules
On听6 June听2018, ob体育 made the ob体育 Financial Benchmark (Administration) Rules 2018, which impose certain key obligations on licensed benchmark administrators and require contributors to licensed benchmarks to cooperate with ob体育.
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Rules |
and the 听 |
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Guidance |
Regulatory Guide听268 Licensing regime for financial benchmark administrators听(RG 268) |
Compelled rules
On听6 June听2018, ob体育 made the ob体育 Financial Benchmark (Compelled) Rules 2018 which enable ob体育 to require, by written notice, the continued administration of a significant benchmark or compelled submissions to a significant benchmark.
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Rules |
听and the 听 |
Consultation
On 17 July 2017, ob体育 consulted on the financial benchmarks regime in 听Implementing the financial benchmark regulatory regime (CP 292).听
LIBOR transition
ob体育 works closely with other Australian financial regulators to monitor and support the transition away from London Inter-Bank Offered Rate (LIBOR).
Listed below are the LIBOR transition related publications:
- Information Sheet听252 Managing conduct risk during LIBOR transition
- IBOR transition and OTC derivatives transaction reporting
- Joint media release 20-240MR: Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement
- LIBOR transition: Important questions for directors and corporate treasurers