The Permanent Representatives Committee (COREPER) has approved, on behalf of the Council of the EU, the final compromise text of the proposed Regulation on indices used as benchmarks in financial instruments and financial contracts (the Benchmark Regulation).

The Benchmark Regulation will next be submitted to the European Parliament for a vote at first reading, and eventually to the Council of the EU for final adoption.

View Manipulation of market benchmarks: Council confirms agreement with EP on tougher rules, 9 December 2015