ECON has published its draft report on the Benchmarks Regulation. The Rapporteur, Sharon Bowles MEP, wants to give national authorities the power to bring a benchmark administrator within the scope of the Regulation if necessary. She considers that third country equivalence assessments should be based on compliance with IOSCO standards, and proposes that all input data and methodologies used in the production of benchmarks relevant to retail investments should be made public. The draft report also includes more wide-ranging powers for a national authority to mandate contributions to a critical benchmark. (Source: ECON Draft Report)