Sector Regulation Sector Regulation

EU financial benchmark law to tackle Libor contracts, but foreign indexes must wait

By Jack Schickler
  • 20 Nov 2020 07:45
  • 20 Nov 2020 07:46

EU financial benchmarks like the scandal-hit Libor can be automatically replaced in contracts under proposals agreed by lawmakers today — but the fate of index trackers from outside the bloc still hangs in the balance. 

< The European Parliament’s Economic and Monetary Affairs Committee voted 49-10 in favor of a report penned<

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