Tobias Sproehnle
Mark Pralle
LONDON, UNITED KINGDOM, March 2, 2021 /EINPresswire.com/ -- Moorgate Benchmarks, the index company driving change, today announced that its German subsidiary Moorgate Benchmarks GmbH is now authorised by Bundesanstalt für Finanzdienstleistungsaufsicht (“BaFin”), the German federal financial supervisory authority, as a Benchmark Administrator under the European Benchmarks Regulation (“BMR”).
Benchmarks are a vital component of the financial markets, enabling the independent assessment of investment manager performance and forming the foundation of products that give investors access to a huge variety of investment opportunities and strategies.
Now regulated by both the FCA and BaFin, Moorgate Benchmarks offers a complete index calculation and regulatory compliance service to all UK, EU and third country index providers, ensuring they can continue to offer their indices in the UK and EU after BMR comes into full force at the end of 2023.