Read \”The Future of Financial Benchmarks.\” Benchmarking has been a human concern for a long time. According to a legend, benchmarking has been important in business since Henry I dictated cloth be sold by the yard; that is, a standard for the length from the tip of a man\’s nose to the tip of his thumb. Global business continues to rely on benchmarking. But what of the mandates set forth by the G20 countries? From the article, read and discuss the future of benchmarking. For example, how will the Iosco Principles affect benchmarks used today: will these principles eliminate current-use benchmarks? Should benchmarking be eliminated? Post your view in the discussion, using one additional source and include a paraphrase or direct quotation, with an in-text citation from the source.To ensure your participation meets the expectations, refer to the G.R.E.A.T. Discussion and Feedback guidelines provided in the Resources. A well-developed post, one that would be considered \”distinguished,\” will usually be between 250 and 350 words. Also, please post your initial discussion (main post) by Thursday to allow time for your peers to respond.After posting your initial response, read your peers\’ posts. Respond to two of your peers. To what extent do you agree with the author\’s contention on whether benchmarking should be eliminated in the market?A well-developed response is generally stated in 50–100 words. Besides responding directly to your peers\’ comments, the responses should expand the dialogue by asking questions or adding new information.Post two peer responses by Sunday; the discussion ends midnight CT on Sunday——————————————————————————————————
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