02/02/2021 (Agence Europe) – On Tuesday 2 February, the EU Council adopted new rules empowering the Commission to designate a replacement index for the so-called “critical” benchmarks and other benchmarks, including those from non-Member States, the discontinuation of which could affect the stability of EU financial markets. These rules were agreed between co-legislators in November (see EUROPE B12612A8). In the immediate term, these new rules aim to prepare theEU, from the end of...