Brussels set to give way on OTC derivatives

Article reports that European companies look set for a victory in their efforts to persuade regulators not to force them to use clearing houses for over-the-counter derivatives trades after the FT saw a leaked draft version of a European Commission proposal that they be given exemptions from sweeping regulation to clamp down on such markets. The proposal was due to be adopted by the Commission in mid-September 2010.

ESO: Background information: Europe and US split over reform for derivatives http://www.europeansources.info/record/europe-and-us-split-over-reform-for-derivatives/

ESO: Background information: Pension funds anxious to have their say on costs http://www.europeansources.info/record/pension-funds-anxious-to-have-their-say-on-costs/

European Commission: DG Internal Market and Services: Consultations: Derivatives and Market Infrastructures, 2010 http://ec.europa.eu/internal_market/consultations/2010/derivatives_en.htm

European Commission: DG Internal Market and Services: Financial Markets Infrastructure: Derivatives http://ec.europa.eu/internal_market/financial-markets/derivatives/index_en.htm

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