The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

May 2013


LSEG Response to the IOSCO Consultation report on Principles for Financial Benchmarks

The London Stock Exchange Group has provided a response to the IOSCO consultation report on principles for financial benchmarks. In our response we make the following points:

  • The LSEG supports the principles in this report.
  • We welcome the fact that IOSCO acknowledges that a one-size-fits-all method of implementation would be counterproductive, and that Administrators will be able to apply the principles depending on the type of index and prevailing market conditions.
  • With regard to administrators’ responsibilities in the case of transition, we agree that stakeholders should be urged to make fall back arrangements to provide for any change in, or cessation of, the provision of an index.
  • We suggest that administrators should not have any further liability in relation to the end user of an index beyond the terms of its contract.

(pdffile pdf - 92 KB) LSEG Response to the IOSCO Consultation report on Principles for Financial Benchmarks

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds