UBS places oversight of index business with Markit

By Dan Alderson
26 Jan 2016

UBS has asked Markit to administer and calculate its investible indices, as the bank looks to meet Europe’s regulatory push to improve transparency and oversight of industry benchmarks.

The link up is one of the first approaches of its kind between a bank index provider and a third party – that is by handing over control of its indices but not ownership. But it comes as banks face rising pressure to offload their index businesses or ...

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