The International Organisation of Securities Commissions has, in light of recent investigations into attempted manipulation of benchmarks and related enforcement actions, constituted a Board Level Task Force on Financial Market Benchmarks to identify relevant benchmark-related policy issues and develop global policy guidance and principles for benchmark-related activities of particular relevance to market regulators.  

The Task Force will draw on significant expertise within IOSCO members and will confer with relevant stakeholders in the course of their work. IOSCO reports that the Task Force will aim to produce a consultation report towards the end of this year or early next year, while its work is expected to require at least until the first quarter of 2013 to complete.