Brussels, 31/03/2015 (Agence Europe) - It was by a wide majority that the European Parliament's economic and monetary affairs committee endorsed the report by Cora van Nieuwenhuizen (ALDE, Netherlands) on the draft regulation to boost governance in the formation of financial benchmarks.
Van Nieuwenhuizen's report aims to provide proportionality and imposes stricter requirements for “critical” benchmarks, in other words those that influence financial instruments and contracts worth an...