LNG

May 1 (LNGJ) - Intercontinental Exchange Inc., the US-based leading operator of global exchanges, clearing houses and pricing data for commodities and energy resources such as natural gas, said that ICE Benchmark Administration Limited (IBA) has been authorised as a regulated benchmark administrator under the European Union Benchmarks Regulation (BMR). Authorisation had been previously granted by the UK Financial Conduct Authority. “We are pleased that IBA has received EU regulated benchmark administrator status” said Tim Bowler, President of IBA. “IBA was founded to reform and bring transparency to global benchmarks. We aim to adopt the highest standards for the benchmarks that we administer,” added Bowler. IBA is one of the world’s most experienced administrators for regulated benchmarks. A subsidiary of Intercontinental Exchange, IBA was founded in 2014 and administers an array of important benchmarks, including bank interest rates.