The European Council has agreed to tighter controls on the manipulation of financial benchmarks, backing the Commission’s proposals for a regulation for benchmarks which are used in financial instruments (e.g. bonds, shares, futures or swaps) and financial contracts (e.g. mortgages or consumer contracts).

Full details are of the European Council and Commission’s position are available in the following press releases:

Read "Benchmarks for financial instruments: Council agrees stance on tighter controls"

Read "EU Council backs European Commission proposal to fight against the manipulation of financial benchmarks"