Trade associations slam UK regulator's proposals for benchmarking

The UK Financial Services Authority’s proposals for using benchmarking for over-the-counter derivatives and structured products have been roundly criticised by three financial trade bodies.

A joint statement from the International Capital Market Association, the International Swaps and Derivatives Association and the Bond Market Association argues that the FSA’s proposals for benchmarking – comparing a price offered by a dealer to an accepted market valuation – are inappropriate for ensuring tha

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: