On 16 April 2013, IOSCO opened a consultation (closing 16 May 2013) on principles for financial benchmarks.

The draft principles are intended to set out clear standards for benchmark administrators and other relevant bodies on benchmark quality, methodology, governance and accountability mechanisms. They are intended to strengthen the reliability and integrity of benchmarks used in financial markets. Areas covered by the principles include the roles and responsibilities of benchmark administrators, managing conflicts of interest, developing a control framework, complaints procedures, audit requirements and record keeping.