IIA Response to the European Commission’s Call for Evidence on the Review of the Scope and Third-Country Regime of the EU Benchmark Regulation

The Index Industry Association (IIA) has submitted a response to the European Commission’s Call for Evidence on the review of the scope and third-country regime of the EU Benchmark Regulation.

In the response, the IIA reaffirmed its position that all benchmarks do not present the same levels of systemic risk, and that the Benchmark Regulation’s third-country regime, as it is currently drafted, would risk depriving EU market participants of a majority of the world’s benchmarks.

As such, the IIA welcomes a regulatory initiative to reform the Regulation’s scope and third-country regime, and stands ready to assist the Commission should the need arise.

Read the IIA’s full response here.

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