We are strong supporters of good governance in indexing and benchmarking. We believe that all indices should be properly administered – they should be:
Well-constructed in order to ensure they represent a well-defined economic interest;
Built with input from index product issuers and product investors;
Administered according to properly constructed, transparent methodologies;
Subject to careful controls on the exercise of discretion within the application of methodologies;
Subject to independent oversight, with index user involvement in that oversight;
Appropriately managed to avoid the various conflicts of interest that can arise within benchmark administration;
Assessed as compliant with the IOSCO Principles for Financial Benchmarks, and any relevant regulation.
Moorgate Benchmarks is regulated by the Financial Conduct Authority as a registered Benchmark Administrator under the EU Benchmarks Regulation (EU 2016/1011). Our benchmark statement can be found here.
Additionally, Moorgate Benchmarks has assessed its own compliance with the IOSCO Principles for Financial Benchmarks, and our statement of compliance can be found here. All indices that we build for clients will meet the IOSCO Principles, and we assist many clients in ensuring their own indices are compliant.
To demonstrate our commitment to these principles we make available various governance documents including our Index Control Framework which can be found here.