TMPG Proposes Best Practice Guidance for the Use of Financial Benchmarks
The TMPG has proposed for comment a set of updates to its best practice guidance for the Treasury, agency debt and agency mortgage-backed securities (MBS) markets to address the use of financial benchmarks. The proposed additions to the best practice recommendations are based on an examination of three case studies and informed by relevant policy initiatives such as IOSCO's Principles for Financial Benchmarks ("IOSCO Principles"). The TMPG welcomes feedback on its proposed best practice guidance, as well as a supporting document, Use of Financial Benchmarks in TMPG-Covered Markets: Three Sample Case Studies.
*The TMPG extends the comment period for receiving feedback to Friday, February 12, 2016.
TMPG Seeks Comment on Proposed Best Practice Guidance for the Use of Financial Benchmarks January 5, 2016