September 29, 2016 BY LeapRate Staff
ESMA looks to set rules for financial benchmarks including daily FX fix
Pan European financial regulator European Securities and Markets Authority (ESMA) has published a consultation paper regarding its draft regulatory and implementing technical standards (RTS/ITS) which will implement the Benchmarks Regulation (BR). ESMA is asking stakeholders to comment on its proposed RTS/ITS applicable to benchmark contributors, administrators and national competent authorities. The new European regulatory framework for…
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