IIA chief stresses best practice in wake of Libor scandal

The Index Industry Association was created only two years ago but now sits squarely in the middle of regulatory discussions about indexes. Chief executive Richard Redding discusses the association's new-found role

photo of rick-redding of the iia
Richard Redding, Index Industry Association

The idea of forming an index association to represent the interests of independent index providers has been a good idea ever since the first financial market indexes were calculated, way back in 1896. More recently, the many years of talk were finally followed by the inception of the Index Industry Association (IIA), a New York-headquartered trade association led by chief executive Richard Redding.

"It took a long time to create the association because the members are extremely competitive

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