Brussels, 17/09/2013 (Agence Europe) - On Wednesday 18 September, the European Commission will unveil a draft regulation to boost governance in the domain of financial benchmark creation, in response to recent illegal manipulation of the LIBOR and EURIBOR inter-bank interest rate benchmarks.
In the draft regulation dated 10 September, that this newsletter has seen, the European Commission says that the integrity of benchmarks is crucial for setting prices of a number of financial...