FTSE Russell is pleased to announce that it has published its Statement of Compliance with the recommendations made by the International Organization of Securities Commissions (IOSCO), as laid out in the Principles for Financial Benchmarks published in July 2013 (the IOSCO Principles).
The IOSCO Principles aim to promote the reliability of benchmarks addressing issues surrounding governance; the quality of benchmark design and methodology; and the accountability of the benchmark administrator. FTSE Russell is committed to leading best global practice standards and FTSE published its first statement in July 2014. Today’s announcement confirms the compliance of the combined FTSE Russell entity. As with FTSE’s 2014 statement, FTSE Russell has sought independent assurance from KPMG LLP.
This confirmation highlights FTSE Russell’s maintenance of strong governance controls, which benefit from robust procedures and experienced internal working groups, supported by external advisory committees. This statement also underpins the quality of FTSE Russell benchmarks and gives index users confidence that they accurately reflect the value of the asset classes being measured.
For more information visit:
http://www2.londonstockexchangegroup.com/e/6522/ericas-indexes-regulation-page/2n41qg/641898277
http://www2.londonstockexchangegroup.com/e/6522/products-indices-iosco/2n41qj/641898277
FTSE Mondo Visione Exchanges Index:
FTSE Russell Confirms Compliance With IOSCO Principles
Date 17/07/2015