IOSCO publishes responses to Financial Benchmark Consultation

03 June 2013

The report sought public comment on a set of high-level principles for benchmarks used in global financial markets.

Because of the wide diversity of benchmarks, IOSCO also asked for public comment on a subset of  more detailed principles for benchmarks having specific risks arising from their reliance on submissions and/or their ownership structure.

The principles form part of IOSCO's efforts to enhance the integrity, the reliability and the oversight of benchmarks by establishing guidelines for benchmark administrators and other relevant bodies on governance, benchmark quality, quality of the methodology, and accountability mechanisms.

Full press release

Responses

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