Working group for alternative Norwegian krone reference rates Meeting minutes Monday, 21 September 2020 Video conference

Several group members therefore argued that the list of criteria should not be presented as requirements but as preferred qualities for an alternative reference rate. The

In response to the FSB’s recommendations and the work in other countries in this area, Norges Bank has decided, after consultation with the financial industry, to establish a

Olav Gunnes (DNB Bank), Eske Smidt (Danske Bank) and Kristian Semmen (Sparebank 1 Markets) presented their views on the challenges of using risk-free overnight rates as a

The group discussed the draft of the first consultation report which had been distributed amongst the group prior to the meeting. Some small amendments were made and the

Michael Hurum Cook Finance Norway (observer) Joar Johnsen Finance Norway (observer) Olav Andreas Bø Norges Bank (observer) Ketil Johan Rakkestad Norges Bank (observer)

These include supplements to the 2006 ISDA Definitions, publication of indicative prices, trading / trade affirmation platform support, and support for clearing. The revised

Pasquale Di Nicola EY (last part of meeting) Tove Linn Bjørnå EY (last part of meeting) Joar Johnsen Finance Norway (observer) Michael Hurum Cook Finance Norway