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September 09, 2020

Refinitiv issues CDOR consultation

Toronto – Refinitiv today announced the publication of a consultation regarding the Canadian Dollar Offered Rate, CDOR, a regulated benchmark under Regulation (EU) 2016/1011 (EU BMR). Refinitiv via its authorised subsidiary Refinitiv Benchmark Sevices (UK) Limited (RBSL) is the administrator of CDOR. The consultation invites feedback from stakeholders and users of CDOR regarding changes under consideration that will ensure the benchmark’s ongoing alignment with recognised international standards and benchmark regulations. Read the consultation (PDF format).

Shirley Barrow, Global Head Benchmarks and Indices, Refinitiv, said: “The IOSCO Principles for Financial Benchmarks and EU BMR highlight the importance of anchoring benchmarks in active markets. With benchmark regulation expected to be introduced in Canada in 2021, Refinitiv in its role as administrator for CDOR has identified possible changes to CDOR that would maintain its alignment with regulations and users’ expectations, and we invite feedback via this consultation.”

Refinitiv has over 25 years’ experience designing, calculating, governing, administering and publishing financial benchmarks that lie at the heart of the global financial system.  Find out more information about Refinitiv benchmarks.

About Refinitiv

Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in approximately 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community – driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com

Contact

Lemuel Brewster
Senior PR Director
Refinitiv
Mobile +1 (917) 805-1089
lemuel.brewster@refinitiv.com