Fastmarkets Reaffirms Commitment to Market Integrity with Successful Annual Independent Assurance Review
London, UK – July 17, 2025 – Fastmarkets, a global leader in providing pricing, news, and analytics for the metals, mining, and forest products markets, today announced the successful completion of its annual independent assurance review. This significant milestone underscores Fastmarkets’ unwavering dedication to upholding the highest standards of integrity and its ongoing commitment to compliance with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks.
The independent assurance review, a crucial part of Fastmarkets’ robust governance framework, was conducted by an external, reputable third-party firm. The process rigorously examined Fastmarkets’ benchmark determination processes, ensuring they are fair, reliable, and transparent. This comprehensive assessment is designed to provide confidence to market participants that the benchmarks published by Fastmarkets accurately reflect underlying market activity and are free from undue influence.
By successfully completing this annual review, Fastmarkets reinforces its position as a trusted provider of market-critical data. Adherence to the IOSCO Principles is paramount in today’s financial landscape, particularly for benchmarks that underpin significant commercial and financial transactions globally. Fastmarkets’ proactive engagement with these principles demonstrates its commitment to fostering trustworthy and well-governed markets.
“We are pleased to announce the successful completion of our annual independent assurance review,” said [Insert Name and Title of a Fastmarkets Representative, e.g., Global Head of Benchmarks] at Fastmarkets. “This review is a testament to the diligent work of our teams and our ongoing commitment to transparency, accuracy, and the integrity of our benchmarks. In an increasingly complex global market, stakeholders rely on us for robust and dependable price assessments. Our adherence to IOSCO principles and rigorous internal processes ensures that we continue to meet and exceed these expectations.”
The assurance process involved a detailed evaluation of Fastmarkets’ methodologies, data submission procedures, internal controls, and governance structures. The positive outcome of this review provides assurance to Fastmarkets’ customers, regulators, and the broader market that the company’s benchmarks are produced in a manner consistent with global best practices.
Fastmarkets recognizes the vital role its benchmarks play in price discovery, risk management, and contract settlements across various industries. The company remains dedicated to investing in its people, technology, and processes to ensure the continued reliability and integrity of its pricing services. This latest assurance review marks another step in Fastmarkets’ journey to be a leader in responsible benchmark administration.
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PR Newswire Business Technology published ‘Fastmarkets completes annual independent assurance review, strengthens commitment to IOSCO compliance’ at 2025-07-17 07:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.