Rick Redding, CEO of the Index Industry Association (IIA) talks about the efforts made by the industry to observe high quality standards and how the cost of compliance could kill innovation.

The industry has worked to increase transparency and decrease conflicts of interest around self-indexers by following the IIA Best Practices or the International Organization of Securities Commissions ( Iosco) Principles for Financial Benchmarks . Most have made their methodologies public by putting them on their website and on balance, the Benchmark Regulation has impacted the industry positively, according to Redding (pictured) . “The Iosco principles have probably done more for that