Global Correspondence
GFMA Submits Comments ot IOSCO on IOSCO's Consultation Document on Financial Benchmarks
GFMA provides comments to the International Organization of Securities Commissions (IOSCO) on IOSCO’s Consultation Document on Financial Benchmarks. GFMA attaches particular importance to this initiative and will work with IOSCO to ensure that the standards developed have broad applicability proportionate to the significance of the benchmark and are adopted widely in the industry. In addition to IOSCO’s consultation, GFMA notes and welcomes the Wheatley Review, the work of the European Parliament, the European Commission, EBA and ESMA, and discussions at the FSB on benchmarks.
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