Under BMR, there are specific requirements in relation to the of governance of a benchmark administrator that need to be considered and structured to achieve compliance.
This applies to the governance of;
- Benchmark Administrator (including management of conflicts of interest, outsourcing and interactions with all stakeholders)
- Oversight Committee
- Any sub-committees
GRSS has operated in the European benchmark space since 2013 and has experience in developing and implementing governance structures as well as the policies and procedures that support them.
Compliance with regulation, requires the precise combination of policies and procedures, to obtain a suitable outcome. GRSS can assist in using its experience to ensure that benchmark administrators have all of the necessary documentation and operational controls.
GRSS can prepare;
- Governance structure advice
- Policy review or policy writing based on your precise situation
- Advice on stakeholder engagement
- Operational advice as to implementing new policies and procedures
For more information please contact us.