Presented by the European Commission as one of the EU's responses to the Libor and Euribor (London and eurozone interbank rates) scandals, the draft regulation on the establishment, use and governance of indices used as benchmarks will probably end up in the hands of the Luxembourg Council Presidency.
The Latvian Presidency is nonetheless preparing the ground for a swift agreement on the text by the Council, Parliament and Commission once Luxembourg takes up the reins on 1 July, insists a…