Brussels, 18/09/2013 (Agence Europe) - On Wednesday 18 September, EU Internal Market Commissioner Michel Barnier defended the draft regulation to boost governance in the drawing up of financial benchmarks following the scandals surrounding cheating on the LIBOR and EURIBOR benchmarks (see EUROPE 10922).
The most recent draft of the regulation, unlike the previous version of June 2013, does not give the European Securities Management Authority (ESMA) supervision powers for important...