Europe: Commission publishes proposals for benchmark supervision

The European Commission yesterday published far reaching legislative proposals in respect of indices used as benchmarks in financial instruments and financial contracts. The proposals, in the form of a Regulation, contain a framework for the authorisation and supervision of benchmark providers. For further information see: Regulation text (pdf) | Press release | FAQs | Citizen's summary (pdf) | Impact assessment: full text (pdf), summary (pdf) |.