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EU's Ester benchmark whistleblowing, consultation rules raise auditor qualms

( September 30, 2020, 08:58 GMT | Official Statement) -- MLex Summary: The EU's Ester benchmark complies with international norms set out by the International Organization of Securities Commissions, its administrator the European Central Bank said today. The ECB said it would improve provision for internal whistleblowers to report concerns anonymously, after auditors PricewaterhouseCoopers noted deficiencies in the regime. The ECB said it retained the right not to consult on changes to the methodology to the interest-rate measure in spite of global rules, but committed to doing so whenever practicable.ECB publishes statement of compliance of €STR with IOSCO Principles for Financial Benchmarks...

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