Stocks and Shares

(asked on 30th November 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have to review the governance processes of equity index construction, including in relation to (1) economic growth, (2) financial stability, and (3) management accountability.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 14th December 2020

The use and operation of equity indices by UK supervised entities is governed by the Benchmarks Regulation, introduced in 2016. The Government has proposed amendments to the Benchmarks Regulation in the current Financial Services Bill to support the orderly wind-down of critical benchmarks. However, there are no current plans for a broader review of the legislation.

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