EU law on market benchmarks faces delay for months

LONDON (Reuters) - European Union rules to regulate financial benchmarks like Libor will probably be delayed for months, a senior lawmaker said, because a key vote next week is likely to be postponed.

The European Parliament's economic affairs committee was due to vote on a draft law on Monday. But centre-left and Green lawmakers want a study of the costs and benefits of a deal on the rules that EU politicians put together. Such studies can take weeks.