The International Organization of Securities Commissions has today published its final report Principles for Financial Benchmarks, following a consultation earlier this year: see here (pdf). The principles fall into three broad categories - governance, quality and accountability - and their purpose is not supersede existing laws, regulations or supervisory frameworks but to provide guidance for administrators, submitters and regulators.
Wednesday, 17 July 2013
IOSCO publishes Principles for Financial Benchmarks
The International Organization of Securities Commissions has today published its final report Principles for Financial Benchmarks, following a consultation earlier this year: see here (pdf). The principles fall into three broad categories - governance, quality and accountability - and their purpose is not supersede existing laws, regulations or supervisory frameworks but to provide guidance for administrators, submitters and regulators.
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