11/10/2019 (Agence Europe) – On Friday 11 October, the European Commission launched a public consultation on the functioning of the EU Regulation on Financial Benchmarks, which has been in force since January 2018. The Regulation aims to ensure the accuracy and integrity of the benchmarks that determine the value of financial instruments or measure the performance of investment funds. The purpose of the consultation is to obtain the views of interested parties on the various aspects of the reference system, including the powers of the competent licensing authorities. The Commission also wants to know whether the current supervisory framework for critical benchmarks is appropriate and whether the regulatory framework for non-material benchmarks and those with regulated data is properly calibrated. Stakeholders have until 6 December to submit their comments at http://bit.ly/2nDUfOv (MF)