The International Organization of Securities Commissions (IOSCO) on Monday published more than 50 comment letters it had received on its Consultation Report on Financial Benchmarks, issued January 11. The report sought comments from the public on policy issues arising from the work of its Task Force on Financial Market Benchmarks. IOSCO said in a news release that the consultation report discusses concerns regarding the potential inaccuracy or manipulation of benchmarks and identifies benchmark-related policy issues across securities and derivatives and other financial sectors. These included, IOSCO said: The appropriate level of regulatory oversight of the process of benchmarking; Standards that should apply to methodologies for benchmark calculation; Credible governance structures to address conflict of interests in the benchmark-setting process within the reporting financial institutions as well as in the oversight bodies; and The appropriate level of transparency and
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