EU's benchmark rules risk stifling innovation – CFTC chairman

Massad warns of heavy-handed regulation from Europe

benchmarking

Timothy Massad, chairman of the Commodity Futures Trading Commission (CFTC), has warned that Europe's approach to policing benchmarks could undermine innovation in financial markets.

Protecting the integrity of benchmarks has been at the forefront of regulators' attention since widespread rigging of the world's primary benchmark for short-term interest rates, Libor, was uncovered in 2012.

Since then, manipulation of other benchmarks – such as the foreign exchange benchmark WM/Reuters – has also

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: