ESMA has published its response to the Commission’s review of the BMR, which gives an indication of the areas where changes to the regulation are more likely to be made.
Key Points:
..ESMA’s response to the European Commission’s review of the EU Benchmarks Regulation captures many of the market’s frustrations with the regime, and could help persuade the Commission to make changes in the relevant areas.
..ESMA also uses its response to offer some new guidance for market participants.
Please see full publication below for more information.
