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.
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.