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5/28/13 - IOSCO's Principles: A Benchmark for Benchmarks

The regulatory drive to reform financial benchmarks took an important step forward in April when the International Organization of Securities Commissions released draft principles that will guide efforts to restore confidence in the industry. The final principles, which are expected in June, will likely serve as policy guidance and as the basis for national regulations to oversee benchmark-related activity. They will also serve as the foundation for further controls by benchmark administrators and will have implications for benchmark design going forward.

For a discussion of the 18 principles and what they mean for benchmark administrators, designers, users, and data submitters, please click below to read a Sightlines InFocus by Tony Murphy and Rawan Abdelrazek.

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