BNP Paribas withdraws commodity index amid speculation about legal action

News

BNP Paribas has withdrawn its Commodity Market Representative Index (CMRI), although the bank would not comment on the reasons for the withdrawal. Sources away from the bank attributed the disappearance to the commencement of legal action against the French bank. One possibility for the subject of the action would be a dispute over the originality of the index design. BNP Paribas would neither confirm nor deny reports of legal action.

The CMRI has been removed from Bloomberg, although BNP decline

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