Market Practices

The key benchmark indices around the world need to be subject to consistent, transparent and sound practices to ensure the smooth functioning and efficiency of global financial markets.

Events related to LIBOR point to a need for a broader consideration of financial benchmarks used in the marketplace, and to determine what common practices need to be in place to enhance market integrity generally. GFMA believes that international standards are needed to govern the issuance of financial benchmarks.

GFMA has developed best practice standards for conducting benchmark price assessments that would serve to enhance confidence in such assessments and, more generally, would promote both the integrity and efficiency of the global financial markets.




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