PRAs push back against potential EU rules on benchmarks

exchange-ticker-red — EC seeing red on benchmark indexes

- Mark Pengelly
- 07 Jan 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Energy price reporting agencies (PRAs) have expressed vigorous opposition to suggestions they should be more closely regulated as part of European Commission (EC) plans to strengthen the oversight of benchmark indexes.

The EC launched a consultation on the issue in September, following the outbreak of claims that major banks sought to manipulate Libor lending rates and a $450 million penalty levied on Barclays by UK and US regulators in June. The recent allegations had “highlighted both the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net