https://www.taxtmi.com/news?id=25981 Financial benchmarks must be reliable, representative and transaction based to support price integrity and stability. India has reformed benchmark administration-creating a dedicated administrator and regulatory Directions for significant benchmarks-and migrated key rates toward transaction based methodologies. Persistent challenges include shrinking unsecured call market volumes underpinning MIBOR, low secondary liquidity for term instruments, concentrated g sec liquidity across tenors, and market segmentation between onshore and offshore venues. Strengthening benchmarks requires participant diversification, removal of taxation/accounting impediments, interoperable market infrastructure, and calibrated oversight to guard against extra territorial regulatory disruption. en-us Thu, 01 Dec 2022 10:21:24 +0530 Thu, 01 Dec 2022 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=25981 Financial benchmarks must be reliable, representative and transaction based to support price integrity and stability. India has reformed benchmark administration-creating a dedicated administrator and regulatory Directions for significant benchmarks-and migrated key rates toward transaction based methodologies. Persistent challenges include shrinking unsecured call market volumes underpinning MIBOR, low secondary liquidity for term instruments, concentrated g sec liquidity across tenors, and market segmentation between onshore and offshore venues. Strengthening benchmarks requires participant diversification, removal of taxation/accounting impediments, interoperable market infrastructure, and calibrated oversight to guard against extra territorial regulatory disruption. News - Thu, 01 Dec 2022 10:21:24 +0530 https://www.taxtmi.com/news?id=25981