On Monday 4 March, MEPs on the European Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted their position on a revision of the scope of the rules on benchmarks, which are statistical measures calculated from a representative set of data that are used as a reference price for a financial instrument, a contract or as a measure of performance (see EUROPE B13363A30).
The use of these indices provided by an administrator located in a third country and certain reporting...