Esma releases standards for Benchmark Regulation

The European Securities and Markets Authority (Esma) has released the final report on the draft technical standards on its Benchmark Regulation. The report marks the culmination of work started in September 2013, when the European Commission proposed a draft regulation on indices used in financial instruments and contracts following a sequence of abuses of indices in the wake of the Libor scandal. The draft technical standards have been submitted to the European Commission, which has three mont