IOSCO benchmark guidance more liberal than US suggestion

07/17/2013 | Reuters · Financial Times (tiered subscription model)

The International Organisation of Securities Commissions has issued financial-benchmark guidance that does not require "every individual benchmark" to be "constructed solely from transaction data". IOSCO's model allows a "hierarchy of data inputs", with transaction data at the top but without dismissal of human judgment.

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Reuters · Financial Times (tiered subscription model)

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