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EU Council seeks progress on benchmark rules

Member states sent questions on key parts of the proposed rules ahead of meeting this Thursday

The Council of the European Union is gearing up to tackle key issues related to benchmark rules on Thursday as it pushes forward with plans to agree a common approach by the end of the year.

The benchmarks regulation was proposed by the European Commission last September in response to the Libor manipulation scandal and will form a key part of EU legislators' work this year.

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