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​Indexes must measure usage despite ‘diabolic’ difficulty, ESMA says

By John Rega ( March 2, 2016, 09:20 GMT | Insight) -- Index providers such as FTSE Russell and Platts will have to tally up financial instruments based on their benchmarks — key to coming EU rules — even if data are hard to find, regulators have warned. Administrators can’t escape “a certain diabolic test” in the law on benchmarks, said Rodrigo Buenaventura of the European Securities and Markets Authority.Index providers such as FTSE Russell and Platts will have to tally up financial instruments based on their benchmarks — key to coming EU rules — even if data are hard to find, European regulators have warned....

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