Iosco considering benchmark proportionality guidance

Chair says EU rules an example of how to avoid one-size-fits-all approach

Iosco chair Greg Medcraft: concept of proportionality "could be useful"

An international standard-setting group responsible for overseeing global benchmark reforms is considering taking Europe's lead in applying lighter requirements to benchmarks that are deemed less critical.

The International Organization of Securities Commissions (Iosco) released a set of principles in 2013 seeking to root financial benchmarks in real transactions and strengthen conduct requirements for administrators and contributors. The principles highlighted the need for a proportional approa

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