EU's foreign benchmark equivalence rules under fire

Critics fear repeat of CCP approvals saga

European Union flag
Concerns that proposed regulation could block access to third-country indexes

Market participants fear Europe's proposed process for approving third-country indexes could be as drawn-out and politicised as its clearing house recognition framework, and could block EU entities from using common international benchmarks such as the S&P 500.

The forthcoming rules are Europe's bid to apply the broader International Organization of Securities Commissions' (Iosco) principles for financial benchmarks to a broad swath of indexes via blanket legislation. All indexes used as benchma

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: