EU Benchmark Regulation “EU BMR”: Kicking the can down the road? The implications of the extension of the regulation Assurance

Concerns around clash of interest around equity linked indexes have led for calls in the US for a review of benchmark administration14 , clash of attention and expertise manipulation of benchmarks as there is not any US law of financial benchmarks. The CFTC, in October 2018 customary a new subcommittee for interest rate benchmark reform within its Market Risk Advisory Committee and their mandate does cover regulating use of benchmarks. Firms will be acutely aware of any advancements or reviews that can bring about legislation over use of economic benchmarks, including directors. 1Regulation EU 2019/482 N/TXT/?L .

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pdf11en 12 13 14 15ressRoom/PressReleases/7819 18 Chuan is a Senior Manager in our Banking and Capital Markets Audit and Assurance Group in Singapore with experience of operating with a wide selection of our biggest financial amenities consumers. Chuan has worked on numerous coverage and advisory engagements for giant multi countrywide financial establishments focussed on market abuse regulations and IOSCO concepts for benchmarks submissions and more currently, EU BMR compliance for benchmarks administration tactics. Chuan also specialises in auditing wholesale markets businesses having constructed a deep understanding of front to back controls and tactics. See Terms of Use for more advice. Deloitte LLP is the UK associate of Deloitte NSE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK deepest agency limited by guarantee “DTTL”.

DTTL and every of its member firms are legally separate and impartial entities. DTTL and Deloitte NSE LLP do not provide services to clients. Please see About Deloitte to be informed more about our global network of member firms. Deloitte LLP is a restricted liability partnership registered in England and Wales with registered number OC303675 and its registered office at 1 New Street Square, London EC4A 3HQ, United Kingdom.

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