Norges Bank has written to Finance Norway expressing its support for the new methodology for NIBOR proposed by Norske Finansielle Referanser AS ( NoRe ) . The proposed pricing method is largely the same as current NIBOR rules , except for the introduction of a waterfall methodology for panel ##lists ’ submissions to NIBOR . The methodology is intended to satisfy stricter and more detailed requirements being met by regulatory regulations , which is being transposed into Norwegian law .
Norges Bank has written to Finance Norway expressing its support for the new methodology for NIBOR proposed by Norske Finansielle Referanser AS (NoRe). The proposed calculation method is largely the same as current NIBOR rules, except for the introduction of a waterfall methodology for panel banks’ submissions to NIBOR. The change is intended to satisfy stricter and more detailed requirements being introduced by BMR regulation, which is being transposed into Norwegian law.