Room for improvement on WM/Reuters fix levels

Smallprint px230 for gc
By GlobalCapital
07 Feb 2017

More work should be done by the administrator of Thomson Reuters-owned World Markets Company on its 4pm closing spot rate benchmarks, the International Organisation of Securities Commissions has said, but good progress has been made and further oversight of these steps will fall to national authorities and regulators.

The integrity of benchmarks has become a big topic for financial regulators in recent years, as well as a source of long-running market debate. There have also been several charges and convictions for manipulation of various benchmarks.

IOSCO reviewed the WM/Reuters 4pm closing spot rate benchmarks for a second ...

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