EBA chairman underlines urgency of market benchmark reforms

andrea-enria

Urgent progress needs to be made towards improving consumer protection, including preventing the manipulation of market benchmarks, Andrea Enria, the chairman of the European Banking Authority (EBA), has said.

In a statement before the European Parliament on September 19, Enria said recent mis-selling of financial products, poor compliance with anti-money laundering regulation and manipulation of market benchmarks had underscored the need for action. "We are now working at a much higher speed in

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