S&P Dow Jones Indices has announced that it completed its second annual review of its alignment with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks. ….
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This review was completed by an independent accounting firm.
S&P DJI operations continue to be aligned with Principles for Financial Benchmarks published by IOSCO in July of 2013, such as separate commercial and governance functions and rigorous methodological policies to name just a few. Additionally, an independent accounting firm has concluded its examination of S&P DJI’s alignment with the IOSCO Principles. The Independent Accountant’s Report is contained within S&P DJI’s Management Statement of Alignment located at www.spdji.com.
“The transparency and integrity of the financial benchmarks are crucial to maintaining, supporting, and strengthening a robust and healthy financial market system,” notes Alex Matturri, CEO of S&P Dow Jones Indices. “As an independent index provider whose indices are used as the basis for financial products, S&P Dow Jones Indices is fully supportive of IOSCO’s position that benchmark administrators should avoid actual and potential conflicts of interest. As a result, we are proud to be at the forefront of the industry with a comprehensive set of policies and practices in place to align with the IOSCO Principles.”
S&P DJI has been publishing financial market indices since 1896 with the launch of the Dow Jones Industrial Average®, one of the best-known icons of American culture and among stock market observers around the world. The launch of the S&P 500® in 1957 was an innovative milestone in gauging the overall health of the US equity markets and changed the way that investors would eventually measure and trade the markets. Today, S&P Dow Jones Indices publishes more than 1,000,000 indices on a real-time or end-of-day basis, each built and governed on the basis of transparency, integrity, objectivity, and independence.