The EU sets its position on European supervision of financial benchmark indices in the European Economic Area
18 May 202659 views
Who is affected:
Financial benchmark administrators and entities using them in the EEA
Summary
The EU Council establishes the European position to amend the annex of the EEA Agreement on financial services, extending ESMA supervision to certain benchmark administrators.
Detailed analysis
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This Council Decision sets the position that the EU will defend in the EEA Joint Committee to amend Annex IX of the EEA Agreement on financial services. The objective is to incorporate into the EEA framework direct supervision by the European Securities and Markets Authority (ESMA) of certain benchmark administrators, …
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