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ESMA recognizes CME Group as a benchmark admin for EU use of CME Term SOFR rates

Market News
16 Apr 2026
PRNewsWire
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Bullish
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The European Securities and Markets Authority (ESMA) has officially recognized CME Group Benchmark Administration Limited as a third-country benchmark administrator under the EU Benchmarks Regulation. This recognition confirms the significant use of CME Term SOFR Reference Rates by European market participants and ensures continued access and regulatory certainty for European institutions managing USD interest rate exposure. CME Term SOFR is a key global benchmark for U.S. dollar lending and is widely used in derivatives and commercial loans worldwide. This decision supports seamless use of the benchmark in Europe without disruption.

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