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What Is It? The Benchmark Regulation (BMR) is a key part of the European Union’s (EU’s) response to the LIBOR scandal and the allegations of similar manipulation of foreign exchange and commodity benchmarks. It is intended to protect investors by requiring greater transparency and stronger governance among firms that: 1) provide, 2) contribute to, or…
After Brexit polls said that the referendum would end with a stay in the European Union (EU), all markets reacted as if that would be the outcome on voting day. After the announcement that the U.K. would no longer be part of the EU, all markets were shocked, and the emerging markets of Latin America…
