How Should Structured Product Issuers and Distributors Respond to the IOSCO Principles for Financial Benchmarks?

Journal of Investing, Vol. 24, No. 3

Fall 2015

The International Organization of Securities Commissions (IOSCO) published its final report on “Principles for Financial Benchmarks” in July 2013. The IOSCO Principles themselves do not impose a global standard, as their application is proportional to the size and risks posed by the relevant index. However, the IOSCO Principles may be a helpful “best practice” guide for an issuer or any of its affiliates that are index sponsors of a proprietary index. This article discusses how structured products issuers and distributors might respond to the IOSCO Principles.



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