FSB releases final benchmark report
Findings in line with media reports
The Financial Stability Board (FSB) has released its final recommendations on currency benchmarks.
The recommendations, which have been well flagged in advance, are broadly in line with media reports that expected the regulator to suggest a wider fixing window and the separation of benchmark orders from normal ones. The FSB has also lent its support to an industry-led initiative for netting solutions.
The recommendations fall into the following broad categories:
- The calculation methodology of
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