Trade associations call for benchmark regs rethink

benchmark_adobe_575x375_30June2020
By Jasper Cox
30 Jun 2020

Four trade bodies have called for the EU Benchmarks Regulation (BMR) to be changed, in order to prevent what they see as the potentially disastrous consequences of third-country benchmarks ceasing to be allowed from the end of 2021.

The International Swaps and Derivatives Association (ISDA), the Asia Securities Industry and Financial Markets Association (ASIFMA), the Futures Industry Association, and the Global Foreign Exchange Division (GFXD) of the Global Financial Markets Association have produced joint proposals they say retain the intended protections of the benchmark rules but ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial