Statement: European Parliament agrees negotiating mandate for regulation of financial benchmarks

The European Commission's proposal to make benchmarks more reliable and less at risk of manipulation moved forward on 19 May 2015 after the European Parliament cleared the way for negotiations with the Council and the Commission to start in June 2015.

The proposed EU rules aim to improve the functioning and governance of benchmarks that are produced and used in the EU in financial instruments such as bonds, shares, futures or swaps, and in financial contracts such as mortgages.

• Primary Source

ESO: Background information: Economic affairs MEPs target conflicts of interest in benchmark setting http://www.europeansources.info/record/press-release-economic-affairs-meps-target-conflicts-of-interest-in-benchmark-setting/

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