FTSE Russell continues support of IOSCO values

FTSE Russell’s annual compliance statement endorses IOSCO benchmark principles, and announces integration of FTSE MTS indices.

The FTSE Russell, a global index provider, has confirmed its continuing support for regulatory principles outlined by the International Organization of Securities Commissions (IOSCO).

FTSE Russell – which is part of the London Stock Exchange Group (LSEG) – has once again endorsed IOSCO’s benchmark principles, which aims to address conflict of interest in the benchmark setting process.

Based on IOSCO’s ‘principles for financial benchmarks final report’, FTSE Russell imposes a governance framework, which includes working groups, external oversight through advisory committees and plans to manage conflict of interest.

FTSE Russell also publishes ‘methodology documents’ which are overseen by the FTSE Russell Governance Board.

Chief executive officer at FTSE Russell, Mark Makepeace, said the firm is “committed to promoting the highest possible governance standards… and fully endorses the IOSCO principles.”

The index provider’s annual statement of compliance was released this week, and also included ‘enhancements’ to FTSE Russell’s governance.

FSTE MTS indexes - benchmarks for the European sovereign bond market - have been integrated within FTSE Russell’s index structure.

Similarly, the Russell US indexes have been integrated ‘successfully’ and developed further to include an alignment of index and data management.

Makepeace concluded this year’s annual statement, “illustrates our commitment to continuous improvement and strengthening of our governance, controls and transparency.”