The Oversight Committee’s goal is to ensure the benchmark fulfils the needs of the market by evolving it based on market requirements and regulation. The Oversight Committee includes a diverse cross section of the market, including benchmark users, market infrastructure providers, direct participants, clients, and representation from IBA. Oversight Committee members are respected industry veterans that bring important product and market expertise to the governance process.

The Oversight Committee is responsible for overseeing the Code of Conduct (which submitters and direct participants commit to follow) and the rules and methodology surrounding the determination of the benchmark. The committee regularly reviews all aspects of the determination of the benchmark and oversees necessary changes in light of developments in regulation or market requirements. It will provide oversight for surveillance. In essence, the Committee will guide the evolution of the Code, rules and methodology to assure the benchmark’s continued integrity and long-term relevance.

The following are the current members of the Oversight Committee:

The inaugural meeting of the Oversight Committee was held on February 27, 2015.

Oversight Committee Meeting Minutes