Benchmark rules risk stifling innovation, says Stoxx chief

The Stoxx chief executive has urged European rule-makers to bring proposed new benchmark regulations into line with Iosco principles, and ditch onerous disclosure requirements

hartmut-graf-stoxx-deutsche-borse
Hartmut Graf: Concerns over administrative burden

Updates with comment from European Parliament rapporteur, adds trialogue dates

Efforts by European policy-makers to bolster regulatory oversight of indexing risks stamping out innovation in the market and driving business to different jurisdictions, the head of one of world's largest indexing providers has said.

European legislators are set to thrash out an agreement on the European Commission's proposal for the regulation of indexes used as benchmarks in financial instruments and financial

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