The IIA and its members have led the industry to adopt the highest standards. IIA members adhere to the IIA Best Practices, IOSCO Principles, and local regulations.

Countries and Scope of Benchmark Regulation

Full
LIMITED
IN PROCESS
NONE

Advocacy Resources

IOSCO Principles

The IOSCO (International Organization of Securities Commissioners) Task Force on Financial Market Benchmarks Consultation Report is an important milestone in the global response to recent investigations and enforcement actions against attempted manipulation of certain benchmarks. IIA shares the Task Force’s commitment to the development of benchmarks with high levels of transparency and integrity.
Click to learn more about the IOSCO Principles.

EU Regulations

The Benchmarks Regulation introduces a regime for benchmark administrators that ensures the accuracy and integrity of benchmarks. ESMA developed draft regulatory technical standards (RTS) and implementing technical standards (ITS) on a large number of areas, and also provided the Commission with Technical Advice. ESMA coordinates the supervision of benchmark administrators by national competent authorities. For critical benchmarks, a college of national supervisors including ESMA is formed and is responsible for key decisions.
Click to learn more about the EU Benchmark Regulation.

European BMR