Financial indices and benchmark settings: The road ahead for Europe

Published in 
CEPS - Centre for European Policy Studies 1 Place du Congrès / Congresplein 1000 Brussels

10:00-11:30: Transparency and openness of financial indices based on trade reporting - Market structure implications

  • Balancing IPRs and accessibility (e.g. listed derivatives)
  • Transparency of methodologies
  • Trade reporting and formula creation


    Giles Ward, Policy Officer, Securities Markets, European Commission
    Alex Claringbull, Managing Director, Blackrock
    Jeremy Penn, Chief Executive, Baltic Exchange
    Richard Stevens, Executive Director for International Research and Product Development, CME Group
    Kay Swinburne, Member of the European Parliament (ECRG)
    James Smethurst, Partner, Freshfields [moderator]

11:30-11:45: Coffee break 

11:45-13:15: Integrity of benchmark settings and quality of price formation - Governance and methodology

  • Submission to benchmark setting panels
  • Content and transparency of methodologies (e.g. use of judgment)
  • Governance processes
  • Private vs public enforcement (e.g. complaints and whistle blowing procedures)
  • Role of benchmarks in commodities markets


    Steffen Kern, Head of Economics and Financial Stability, European Securities and Markets Authority (ESMA)
    Sophia Dancygier, Managing Director, Markit
    Elizabeth Murphy, Regulatory Counsel, Platts
    Chris Woods, Head of Governance and Policy, FTSE
    John Ewan, Head of Fixings Business Development, Thomson Reuters
    Diego Valiante, ECMI Head of Research and Research Fellow, CEPS [moderator]


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For more information please contact Karin Lenk at karin.lenk@ceps.eu or phone 0032 2 229 39 78.

Agenda249.2 KB
Report521.41 KB