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UK government opens consultation on reforming benchmarks regime

HM Treasury sign
The government inherited its current benchmarks regime from the EU back in 2018. Photo: Andrew Aitchison/Getty Images

The FCA has welcomed the government’s decision.

The UK government has opened a consultation on the future of the country’s regulatory regime for benchmarks and benchmark administrators, in an effort to move away from existing EU laws and introduce a framework that is better suited to current market conditions.

A press release from HM Treasury said benchmarks