Benchmarks in financial instruments
At a Glance
25-04-2016
A benchmark is an index (statistical measure), calculated from a representative set of underlying data, which is used as a reference for financial instruments or contracts. Well-known benchmarks include the London Interbank Offered Rate (Libor) and the Euro Interbank Offered Rate (Euribor). The manipulation of those two benchmarks has sparked concerns about the integrity of benchmarks worldwide. The European Parliament is due to vote on the Commission's proposal for a regulation on indices used as benchmarks in financial instruments and financial contracts.
At a Glance
About this document
Publication type
Author
Keyword
- benchmarking
- EP Committee
- EU institutions and European civil service
- European Securities and Markets Authority
- EUROPEAN UNION
- European Union law
- FINANCE
- financial instrument
- financial legislation
- financial supervision
- free movement of capital
- PRODUCTION, TECHNOLOGY AND RESEARCH
- proposal (EU)
- technology and technical regulations