Czech Financial Benchmark Facility

The Czech Financial Benchmark Facility (CFBF) is an independent benchmark administrator established to oversee the provision and governance of financial, and other, benchmarks and indices in the Czech Republic.

It is set up to provide a best practice governance environment for the production of benchmarks, under new international guidelines and regulations. The PRIBOR benchmark – Prague Interbank Offered Rate - is the first benchmark to be administered by the CFBF, taking on the responsibility as of the 24th July, 2017.

Regular information updates and public announcements will be posted on this site.

Regulatory Transition Provisions for PRIBOR

Under Regulation (EU) 2016/1011 (BMR) Article 51 Transitional Provisions, benchmarks that were operating as of 1st June 2016 (such as PRIBOR) have until 1st January 2020, to apply for authorization or registration.

The CFBF as administrator of PRIBOR is currently preparing an application for authorisation. The application will be lodged during 2018 with the Czech National Bank as the competent authority responsible for providing authorization and registration of benchmarks under BMR within the Czech Republic.

The CFBF is committed to operating the PRIBOR benchmark in accordance with BMR and has in place governance structures, policies and procedures that are consistent with the IOSCO Principles for Financial Benchmarks (July 2013) and BMR. PRIBOR will continue to be produced under these frameworks during the transition period pending authorization.

Further updates will be provided on this website as they become available.

Subscribe to PRIBOR benchmark data from 1st January

For further information and pricing of the PRIBOR benchmark data, please download the CFBF End User Subscription Agreement. This agreement should be completed and returned to the CFBF to activate a new subscription.

FAQs

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PRIBOR Benchmark Data to Become Fee Liable

Benchmark Administrator introduces fees from the 1 January 2018.

The Czech Financial Benchmark Facility (CFBF) announced today that it will introduce a tiered subscription service for organisations that require real time access to PRIBOR benchmark data. The new fees will be applicable from the 1 January 2018.

New Benchmark Administrator formed to manage PRIBOR Benchmark

 The newly formed Czech Financial Benchmark Facility (CFBF) is responsible for the governance of the Pribor benchmark from the 24th July 2017.

ESMA releases new Benchmark Regulation Technical Standards

On the 30th March 2017, the European Securities and Markets Authority (ESMA) published its final report containing the draft regulatory and implementing technical standards (RTS/ITS) under the Benchmarks Regulation (BMR). The report contains the detailed rules to implement the new European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union

PRIBOR Benchmark Data to Become Fee Liable

Benchmark Administrator introduces fees from the 1 January 2018.

The Czech Financial Benchmark Facility (CFBF) announced today that it will introduce a tiered subscription service for organisations that require real time access to PRIBOR benchmark data. The new fees will be applicable from the 1 January 2018.

New Benchmark Administrator formed to manage PRIBOR Benchmark

 The newly formed Czech Financial Benchmark Facility (CFBF) is responsible for the governance of the Pribor benchmark from the 24th July 2017.

ESMA releases new Benchmark Regulation Technical Standards

On the 30th March 2017, the European Securities and Markets Authority (ESMA) published its final report containing the draft regulatory and implementing technical standards (RTS/ITS) under the Benchmarks Regulation (BMR). The report contains the detailed rules to implement the new European regulatory framework aimed at ensuring the accuracy and integrity of benchmarks across the European Union