The International Organization of Securities Commissions has released its final report on financial benchmarks, setting a new framework for critical rates like the London Interbank Offered Rate that have been plagued by allegations of manipulation.
The report contains a set of principles designed to improve the integrity and reliability of financial benchmarks in the wake of the recent scandals. It comes less than a week after NYSE Euronext won a tender to replace the British Bankers Association as the administrator for Libor.