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Screenshot of a breaking news alert e-mail from Q2 2017
Moscow Exchange announced that it has successfully undergone an annual assurance review of compliance of the MOEX indices with the IOSCO Principles for Financial Benchmarks.
Ernst & Young that had been engaged to complete the review affirmed that index management at Moscow Exchange met 19 IOSCO’s principles, and provided reasonable assurance that the processes and indicators administered by the Exchange were suitable.
The review for 2016 covered the following benchmarks:
- MOEX USD/RUB FX FIXING and other MOEX FX fixings;
- The family of the RTS and MICEX equity indices;
- Government and corporate bond indices;
- Pension indices;
- Repo market and swap indicators.
The auditor confirmed that the MOEX’s index administration process is transparent, the data collection, production and publication are of good quality and internal control procedures with regard to financial benchmarks are in place.